17-Jun-08, Vienna. Over 30 quants and risk experts joined Andreas Binder and Michael Aichinger on their tour through the most beautiful, but dangerous fields of mathematical finance. In the spirited discussion it turned out again that it is recognized that different models applied on the same deal type will usually lead to different prices (If they really differ, distrust the instrument)). Not so surprisingly, the surprise that good, but complex, model information can get lost in the numerical jungle and evaporate to ground-fog.
Next Model Risk event: 15-Jul-09, Zurich.