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Computational Complexity and Information Asymmetry in Financial Products

By Sanjeev Arora, Boaz Barak, Markus Brunnermeier, Rong Ge
Communications of the ACM, May 2011, Vol. 54 No. 5, Pages 101-107
10.1145/1941487.1941511
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financial statement — Credit: iStockPhoto

Securitization of cash flows using financial derivatives transformed the financial industry over the last three decades. Derivatives have attracted criticism, but others say problems with derivatives would disappear with use of more accurate financial models, more vigilance by buyers and better governmental oversight.

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John Switlik

May 24, 2011 11:36

Extremely timely, perhaps even seminal.

http://fed-aerated.blogspot.com/2011/05/lemons-problem.html

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