In today’s FT:
By Clive Cookson, Gillian Tett and Chris Cook
What do you call a financier in search of the iron laws of human behaviour? Answer: someone with a bad case of “physics envy”.
That is the peculiar psychological disorder diagnosed by Andrew Lo, a professor of financial engineering, as afflicting bankers and economists. Symptoms include a desperate search for the predictive certainty that comes from the hard sciences.
Continue reading (excellent and stimulating article).