Mathematicians and their trading programmes are increasingly taking the place of professional investors, with important implications for financial markets.
It's hard to say. Some mathematics like Black-Scholes models are indeed powerful tools, but a mathematical model is just as good as its assumption. When everyone is playing by the same model, eerie situations will just creep in, just like game theory, where everyone is trying to outpredict other's move by employing the same strategy.
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