<p>As I said on another thread on here, it is up to the people who are going to use the formulas to understand them.</p>
<p>The Investment Banking firms blaming the quants for the financial meltdown is like a Las Vegas blackjack player blaming the guy who wrote the book on “Beating the House” for the fact that the player lost all his money in the casino. </p>
<p>People (and companies) have to take some responsibilty for their own actions.</p>