MacKenzie D. An engine, not a camera.. How financial ... - TiERA

© 2006 Massachusetts Institute of TechnologyAll rights reserved. No part of this book may be reproduced in any form by anyelectronic or mechanical means (including photocopying, recording, or informationstorage and retrieval) without permission in writing from the publisher.This book does not constitute financial advice, and it is sold with the understandingthat neither the author nor the publisher is engaged in rendering investing, legal,accounting, or other professional service. If investment advice or other expert assistanceis required, the services of a competent professional person should be sought.MIT Press books may be purchased at special quantity discounts for business or salespromotional use. For information, please email special_sales@mitpress.mit.edu orwrite to Special Sales Department, The MIT Press, 55 Hayward Street, Cambridge,MA 02142.Set in Baskerville by SNP Best-set Typesetter Ltd., Hong Kong. Printed and boundin the United States of America.Library of Congress Cataloging-in-Publication DataMacKenzie, Donald A.An engine, not a camera : how financial models shape markets / Donald MacKenzie.p. cm. — (Inside technology)Includes bibliographical references and index.ISBN 0-262-13460-81. Capital market—Mathematical models. 2. Derivative securities—Mathematicalmodels. 3. Financial crises—Mathematical models. 4. Financial crises—Casestudies. I. Title. II. Series.HG4523.M24 2006 332'.01'5195—dc22 200505211510987654321