Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall street. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour. Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light. What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model-based financial system, or have we created a monster? A story about greed, fear and randomness from the insides of Wall Street. Originally broadcasted by VPRO in 2010. © VPRO Backlight February 2010 VPRO Documentary: Our globalized world causes societies, economies and cultures to seek a new balance. VPRO Documentary reflects on this with new features every week. We research subjects like politics, world economy, society and science with experts and try to grasp the essence of prominent trends and developments. So subscribe to our channel and we will be delighted to share our adventures with you! Visit additional youtube channels bij vpro broadcast: vpro Broadcast: https://www.youtube.com/channel/UC75PWWQrls0z6fh0loY5I4Q vpro Metropolis: https://www.youtube.com/channel/UCpnazGScKQfGauk7YNyI21w vpro Documentary: https://www.youtube.com/channel/UC9sXw4ZdPEIp6bYGvLW-_iA vpro World Stories: https://www.youtube.com/channel/UCqJ6GC0klkbFuQa-0ZePqkQ vpro Extra: https://www.youtube.com/channel/UCTLrhK07g6LP-JtT0VVE56A vpro VG (world music): https://www.youtube.com/channel/UC-KX3q7zIz7s2rjooBfl6Nw vpro 3voor12 (alternative music): https://www.youtube.com/channel/UC-p9faJQsBObRNiKY8QF2NQ vpro 3voor12 extra (music stories): https://www.youtube.com/channel/UCtgVYRLGraeL9rGMiM3rBHA www.vprobroadcast.com Credits: Director: Marije Meerman Research: Gerko Wessel English, French and Spanish subtitles: Ericsson. French and Spanish subtitles are co-funded by European Union.
Visibility: 923437
Duration: 47m 50s
Rating: 4272