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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00922906: Emanuel, Amazon and Modeling (DS9)

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This document contains an Amazon book description and review discussing Emanuel Derman's work on financial modeling, comparing modeling approaches in physics versus economics, and addressing concepts of insolvency and efficiency. It includes a hyperlink to a Risk Magazine interview with Emanuel Derman about model risks in quantitative finance. The document appears to be unrelated to the Epstein case substantively.

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Excerpt 1
Here is the **Amazon** blub for the new book: Derman looks at why people-- bankers in particular --still put so much faith in these models, and why it's a
Excerpt 2
Derman takes a close look at what a model is, and then highlights the differences between the successes of **modeling** in physics and its failures in economics
Excerpt 3
Don't **treat** (only some people's) insolvency as illiquidity. Efficiency isn't everything. Efficiency alone isn't a good reason for anything.

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