Moby performing at the Southbound festival 2010, Western Australia.
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The Formula That Killed Wall Street
For five years, Li's formula, known as a Gaussian copula function, looked like an unambiguously positive breakthrough, a piece of financial technology that allowed hugely complex risks to be modeled with more ease and accuracy than ever before.
Source: http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?curr…



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