Technology Review: The Blow-Up
Beneath all this beats the great hope of the quants: namely, that the financial world can be understood through math. They have tried to discover the underlying structures of financial markets, much as academics have unlocked the mysteries of the physical world. The more quants learn, however, the farther away a unified theory of finance seems. Human behavior, as manifested in the financial markets, simply resists quantification, at least for now.