Black-Scholes: The maths formula linked to the financial crashBravo! Never mind that the 'financial crash' is nearly universally recognised as being about a crisis in:
-Banks and Bank Runs
-Housing
-Sub-Prime Leverage
-Counter-party Risk
-Contagion
-Over-leverage
none of which have anything to do with options or the Black-Scholes formula. It's like the Black Scholes formula has become the Economic Whipping Boy that SMBC hilariously described.
Here's a fun game - identify other scary sounding 'linkages' that the BBC may be interested in exploring:
-Chemotherapy linked to patients having cancer
-SAT scores linked to students failing to get into college
-Cars linked to increase in bank robberies
etc.
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