Complex derivatives

Authors: Stefano Battiston, Guido Caldarelli, Co - Pierre Georg, Robert May and Joseph Stiglitz

Nature Physics (2013)

Abstract

The intrinsic complexity of the financial derivatives market has emerged as both an incentive to engage in it, and a key source of its inherent instability. Regulators now faced with the challenge of taming this beast may find inspiration in the budding science of complex systems.