It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

Earlier this week I took a first pass look at a flawed probability model behind various types of derivatives.

With that in mind I went looking for information on further mathematical follies which resulted in economic collapse.

Two films goes over Black–Scholes as well as the hedge fund debacle Long Term Capital Management and it's use of mathematical models, bounds and assumptions, which caused it's demise.