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dc.contributor.authorWest, Jason
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T07:59:29Z
dc.date.available2020-01-16T07:59:29Z
dc.date.issued2012
dc.identifier.issn1836-8123
dc.identifier.otherRePEc:gri:fpaper:finance:201204
dc.identifier.urihttp://hdl.handle.net/10072/390419
dc.description.abstractThe field of quantitative analysis is often mistaken to be a discipline free from ethical burdens. The quantitative financial analyst or 'quant' profession holds a position of significant responsibility as the keeper of mathematical models used in complex derivative security pricing and risk management. Despite this responsibility very few postgraduate programs address the teaching of ethics and professional standards in their curriculum, and the credibility of the profession has suffered as a result of several high-profile financial losses. Some of these failures could have been avoided and their impacts diminished if ethical considerations were integrated with quantitative method. Appropriate development in ethics education for quants is needed to identify points in the decision-making process where ethical questions can arise, and to explain how quants can protect stakeholders from the costs of unethical behaviour. An approach to ethics education needs to flexible and allow for different methods to infuse ethical coverage into the course. Such an approach will go some way towards aligning the profession with other specialisations in banking and avoid the need for complex and unnecessary regulation.
dc.format.extent25 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto25
dc.subject.keywordsA20 - Economic Education and Teaching of Economics: General
dc.subject.keywordsC00 - Mathematical and Quantitative Methods: General
dc.subject.keywordsC58 - Financial Econometrics
dc.subject.keywordsI22 - Educational Finance
dc.subject.keywordsQuantitative finance
dc.subject.keywordsethics education
dc.subject.keywordsprofessional standards
dc.subject.keywordsmathematical models.
dc.title2012-04: Ethics and Quantitative Finance (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorWest, Jason


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