tag:blogger.com,1999:blog-23631803.post5050908452003718840..comments2024-03-26T23:49:37.130-05:00Comments on detritus.: how the Gaussian Copula Function is to Mr. Li as the Cow is to Mrs. O'Learysuttonhoohttp://www.blogger.com/profile/17292408097588177380noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-23631803.post-1213470199155390112009-03-05T02:13:00.000-06:002009-03-05T02:13:00.000-06:00Interesting- I read a very similar piece on a majo...Interesting- I read a very similar piece on a major error in the way the huge banking institutions were viewing their loan risk: they assumed that the risk of any given loan failing was independent of all of their other loans. But in fact the Nationwide interest rates, economic conditions, and expiring balloon mortgages were the dominant poles that affected them all simultaneously. It's one thing to have 1% of loans fail every year for ten years, and quite another to have 10% of loans fail in one year.<BR/>b1-67erAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-23631803.post-52840753050421512452009-03-04T08:47:00.000-06:002009-03-04T08:47:00.000-06:00And the "Copula" makes it sound vaguely sexual. I...And the "Copula" makes it sound vaguely sexual. It's the phrase that has everything!<BR/><BR/>The way your friend writes emails, he should definitely be blogging. Or at least Tweeting.I, Rodiushttps://www.blogger.com/profile/08199985322178825076noreply@blogger.com