Approximately 68% of quant managers overrode their quantitative models during the Global Financial Crisis, meaning they stopped following their systematic process in response to panic, whereas AQR and O'Shaughnessy Asset Management did not override their models despite significant losses.
factualpending
Speaker
Jim O'ShaughnessyEvidence Quote
“basically said to us that 68 and probably that's probably [ __ ] wrong, but 68% of quants overrode their model.”
Created: 8/12/2026, 5:59:18 PM
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