'A device for being able to book P&L': the organizational embedding of the Gaussian copula.

@article{MacKenzie2014ADF,
  title={'A device for being able to book P&L': the organizational embedding of the Gaussian copula.},
  author={Donald MacKenzie and Taylor Spears},
  journal={Social studies of science},
  year={2014},
  volume={44 3},
  pages={418-40}
}
This article, the second of two articles on the Gaussian copula family of models, discusses the attitude of 'quants' (modellers) to these models, showing that contrary to some accounts, those quants were not 'model dopes' who uncritically accepted the outputs of the models. Although sometimes highly critical of Gaussian copulas - even 'othering' them as not really being models --they nevertheless nearly all kept using them, an outcome we explain with reference to the embedding of these models… CONTINUE READING