Paul Wilmott
British mathematician and quantitative finance expert known for his work on derivatives and risk; author of Paul Wilmott on Quantitative Finance and Paul Wilmott Introduces Quantitative Finance; founder of Wilmott magazine and co-creator of the Certificate in Quantitative Finance (CQF).
Books
This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.
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1. The Money Formula
Dodgy Finance, Pseudo-Science, and How Mathematicians Took Over the Markets
A sharp, accessible critique of modern quantitative finance, arguing that elegant mathematical models often misrepresent reality and can amplify systemic risk. Tracing the rise of quants and the spread of tools like option pricing and value-at-risk, it blends history, case studies, and wry commentary to show how incentives, uncertainty, and model error fueled disasters from LTCM to the 2008 crisis. It calls for humility about prediction, more robust risk management, and reforms that align finance with real-world complexity.