2008 Global Financial Crisis

EventMentioned in 1 video

Cited as an example where reliance on Gaussian models for mortgage defaults failed due to systemic correlations, highlighting limitations of mathematical models when assumptions break down.

Videos Mentioning 2008 Global Financial Crisis

Terence Tao: Hardest Problems in Mathematics, Physics & the Future of AI | Lex Fridman Podcast #472

Terence Tao: Hardest Problems in Mathematics, Physics & the Future of AI | Lex Fridman Podcast #472

Lex Fridman

Cited as an example where reliance on Gaussian models for mortgage defaults failed due to systemic correlations, highlighting limitations of mathematical models when assumptions break down.