"The sage advice lost in the computer models" refers to:
A) Maintaining a healthy skepticism about numbers performance.
B) What happened at the Madoff firm.
C) The Enron off-the-book entities.
D) The Lehman risk models .

Question

Quizplus · Accepted Answer

The phrase "sage advice" implies that there is valuable wisdom or experience that is being overlooked or disregarded, and "lost in the computer models" suggests that reliance on data and analysis may be blinding people to this wisdom. Therefore, the best choice is maintaining a healthy skepticism about numbers performance, as this acknowledges the potential limitations and biases of models and recognizes the importance of human judgment and intuition in decision-making. The other options (B, C, D) are specific examples of fraud, misconduct, or flawed risk management practices that may have been exacerbated by overreliance on quantitative metrics, but they do not necessarily capture the broader theme of the phrase.

"The Sage Advice Lost in the Computer Models" Refers To