K. Ronnie Sircar, associate professor of operations research and financial engineering at Princeton, discusses quantitative finance. This lecture is part of a series on "engineering the future." Other topics include cryptography, sustainable energy, transportation systems, water stewardship, greenhouse gases, and the future of the internet. The series was developed by the Princeton Adult School in conjunction with School of Engineering Dean H. Vincent Poor and Princeton Universit
Credit market turmoil -- driven by the sub-prime mortgage crisis and fueled by fallout from financial securities known as collateralized debt obligations -- has led to huge banking losses in recent months and continues to rattle Wall Street.