The Model Room ยท MR-003
Two Nobel Prizes Built The Model. The Model Was Wrong. She Found It Three Years After The Collapse.
Two Nobel Prizes in economics supported a financial model that collapsed in 1998, affecting $124 billion under management. Sarah Okonkwo discovered a critical error in the model in 2001 that had existed since 1994 and was still being used by multiple institutions unaware of its failure.
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