TEMPLATE.md

The Derman & Wilmott Modeler's Manifesto Model Card

What system actually determines the predicted variable, and how does it differ from a computational model?

The Modeler's Hippocratic Oath (I)

I will remember that I didn't make the world, and it doesn't satisfy my equations.

We expect this model achieves novel results mainly as a consequence of these novel techniques (and not any kind of magic or infallibility):

The Modeler's Hippocratic Oath (II)

Though I will use models boldly to estimate value, I will not be overly impressed by mathematics.

We have excluded the following outliers, edge cases, and inconvenient truths:

The Modeler's Hippocratic Oath (III)

I will never sacrifice reality for elegance without explaining why I have done so.

This model cannot be relied upon in the following scenarios:

The Modeler's Hippocratic Oath (IV)

Nor will I give the people who use my model false comfort about its accuracy. ...

We have made the following mathematical, statistical, and computational assumptions:

The Modeler's Hippocratic Oath (IV)

... Instead, I will make explicit its assumptions and oversights.

We have done the following to mitigate real-world harms from this model:

The Modeler's Hippocratic Oath (V)

I understand that my work may have enormous effects on society and the economy, ...

We acknowledge these potential harms are unmitigated, and there may be many unforseen consequences from the model's use or misuse:

The Modeler's Hippocratic Oath (V)

... many of them beyond my comprehension.