000455886 000__ 05821cam\a2200421\a\4500 000455886 001__ 455886 000455886 005__ 20210513160611.0 000455886 006__ m\\\\\o\\d\\\\\\\\ 000455886 007__ cr\cn\nnnunnun 000455886 008__ 130315s2012\\\\njua\\\\o\\\\\001\0aeng\d 000455886 010__ $$z 2011044319 000455886 019__ $$a785776741 000455886 020__ $$a9781118225103$$q(electronic book) 000455886 020__ $$z9781118133408 000455886 035__ $$a(OCoLC)ocn774271892 000455886 035__ $$a(CaPaEBR)ebr10528119 000455886 035__ $$a(MiAaPQ)EBC818076 000455886 035__ $$a455886 000455886 040__ $$aCaPaEBR$$cCaPaEBR 000455886 043__ $$an-us--- 000455886 05014 $$aHG4928.5.G66$$bA3 2012eb 000455886 08204 $$a332.6092$$aB$$223 000455886 1001_ $$aGoodkin, Michael. 000455886 24514 $$aThe wrong answer faster$$h[electronic resource] :$$bthe inside story of making the machine that trades trillions /$$cMichael Goodkin. 000455886 260__ $$aHoboken, N.J. :$$bJohn Wiley & Sons,$$c2012. 000455886 300__ $$a1 online resource (x, 326 p.) :$$bill. 000455886 500__ $$aIncludes index. 000455886 5050_ $$aChapter 1. High School Hustler. Older Doesn't Mean Smarter, and Bigger Doesn't Mean Better -- My First Bank Account -- Working in the "Off-Season" -- The Bill Collector -- Sundays on Maxwell Street -- Birth of a Banker -- Graduation Day -- Chapter 2. The Late Bloomer. Harvard on the Rocks -- Home for the Holidays -- The Rat Practical -- Developing a New Perspective -- Politics is Politics -- Moving to the Downstate Campus -- Leaving on a Jet Plane -- Chapter 3. Leading a Double Life. In the Mayor's Office -- The Best of the Worst -- Preparing for the Worst -- Becoming a New Yorker -- Chapter 4. A Big Idea. Still Daydreaming after All These Years -- The Wrong Answer Faster -- Mispriced Merchandise -- Chapter 5. Chasing Venture Capital. Shelly Likes the Horse -- The Problem Is with the Jockey -- Shelly Takes a Flyer -- The Guy without the Money -- Negotiating My Terms -- Chapter 6. Banking the Venture Capital. A Phone with a View -- Recruiting Shelton -- Meeting an Investor -- Quitting Time -- Hiring Lawyers and Accountants -- Money by a Nose -- Miles to Go -- Chapter 7. Stepping Out in the World -- Recruiting the Brain Trust -- I Can't Even Give It Away -- Worth More Dead Than Alive -- Chapter 8. Making the Impossible. One Door Closes and Another Door Opens -- Turning Luck into Craft -- Changing Jockeys in Midstream -- Conducting a Symphony Orchestra -- Person to Person Call for Dr. Shelton -- Turning on the Lights -- Targeting the Wrong Market -- Chapter 9. If I Were a Rich Man. Rich People Play Backgammon -- Entering a Parallel Universe -- Stretching Rubber Bands -- The King and I -- Looking in All the Wrong Places -- Fishing in Seattle -- The Best Execution in the Business -- Chapter 10. Too Good to be True. Snagging an Invitation to London -- An American Capitalist in Sir Sigmund's Court -- The Swiss Connection -- Closing the Deal -- Creating a Competitive Bid -- Graduation Ceremony -- The Year of Transition -- Chapter 11. Breaking Away -- Backgammon and Business -- Not the Man I Used to Be -- Chapter 12. Does God Play With Loaded Dice? Back to the Futures -- Accessing the World of Master Physicists -- Examining the Dice -- Chapter 13. Making Physics into a Business -- Home Alone -- Seed Money -- The Russians Are Coming, the Russians Are Coming -- A Made Man -- If You Build It They Will Come -- Running on Empty -- Entering the Big Leagues -- Everything is Connected -- Time to Get out of the Way -- Epilogue. 000455886 506__ $$aAccess limited to authorized users. 000455886 520__ $$a"The fascinating story behind the machines that trade trillions of dollars every day. In 1968, Michael Goodkin is about to graduate from Columbia University. While his classmates interview for jobs, he daydreams of seeing the world as a man of independent means. Noticing that there are no computers on Wall Street and drawing on his experiences as a failed teenage investor and successful gambler, he has an epiphany: since no one knows the right price for anything, the only way to beat the market is to make a computer that comes up with the wrong answer faster than the professionals. And thus begins a journey that takes this provincial Midwesterner from nearly broke to opulent Park Avenue. The Wrong Answer Faster is the story of unintended consequences: how a technique originally created to minimize market risk spiraled into a multi-trillion dollar game with unparalleled risks. Having founded and sold a firm that changed the world, Goodkin left New York to travel and play backgammon--only to return to found another groundbreaking firm, Numerix, a software company that substituted computational physics for econometrics to better manage derivative risk. The story of the computerization of Wall Street by the man at the helm. Packed with keen insights, based almost entirely on poker, backgammon and game theory. Goodkin's unique insight to the markets is that everyone has the wrong answers. The solution is not to try to beat the market but to come up with the wrong answers faster. The epic tale of the untold story how one man with a great idea decided not to play the market but to revolutionize the financial world for generations to come by creating the most ground breaking tool for market players since the ticker tape"--$$cProvided by publisher. 000455886 588__ $$aDescription based on print version record. 000455886 60010 $$aGoodkin, Michael. 000455886 650_0 $$aInvestments$$xComputer programs. 000455886 650_0 $$aInvestment advisors$$zUnited States$$vBiography. 000455886 77608 $$iPrint version:$$aGoodkin, Michael.$$tWrong answer faster.$$dHoboken, N.J. : John Wiley & Sons, c2012$$z9781118133408$$z9781118238578$$w(DLC) 2011044319$$w(OCoLC)746837440 000455886 8520_ $$bacq 000455886 85280 $$bebk$$hProQuest Ebook Central 000455886 85640 $$3ProQuest Ebook Central$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=818076$$zOnline Access 000455886 909CO $$ooai:library.usi.edu:455886$$pGLOBAL_SET 000455886 980__ $$aEBOOK 000455886 980__ $$aBIB 000455886 982__ $$aEbook 000455886 983__ $$aOnline