quant books
Quantlib admonishes, "[M]any good
quants are wasting their time writing C++ classes which have been already
written thousands of times."
Maybe these books are at fault. ;-)
» C++
Design Patterns and Derivatives Pricing
» Modeling Derivatives in C++
» The Concepts and Practice of Mathematical Finance
» Monte Carlo Methods in Financial Engineering
» Computational Finance: Numerical Methods for Pricing Financial
Instruments
There's also a listmania
on quantitative finance by "ubergeek1970".
It's also because people want to be able, if need arises, to create an Excel "add-on" using their models. FEA is an example of a company that makes such add-ons.
It all boils down to flexibility that Lisp people like to brag about - although at a different level: same code could be used both within a large-scale system and ad-hoc spreadsheets.
To go off on a marketing tangent, I wonder if Excel can ever be displaced by, I dunno, the OoOoo spreadsheet or Kspread or whatever in this niche?
Or maybe something based on ZigZag?
But I do believe this is a marketing thing and a better mouse trap by itself won't do.
Just like the once-mighty Lotus 1-2-3 has been displaced by Excel around 1996-1997, Excel can be displaced of course. Just need a product that ties better with an OS.
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