Strong Language on Black Swans
@article{Brown2007StrongLO, title={Strong Language on Black Swans}, author={Aaron Brown}, journal={The American Statistician}, year={2007}, volume={61}, pages={195 - 197} }
In 2001, Nassim Taleb published a quirky little book entitled Fooled by Randomness: The Role of Chance in the Markets and in Life (Taleb 2001). Taleb was a well-known Wall Street quant. That means he had a Ph.D. in a mathematical field and made a lot of money betting on derivatives, first for major investment banks, then a hedge fund, then his own hedge fund. His first book, Dynamic Hedging (Taleb 1997), had become (and still is) the classic text in that highly specialized field. He was also…
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2007 Editorial Collaborators
- Education
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Aban, Inmaculada, University of Alabama at Birmingham Agarwal, Deepak, Yahoo, Inc. Ancker, Jessica, Columbia University *Antolini, Laura, University of MilanoBicocca Bühlmann, Peter, ETH Zürich…
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Nassim Nicholas Taleb's phenomenal international bestseller The Black Swan: The Impact of the Highly Improbable shows us how to stop trying to predict everything - and take advantage of uncertainty.…
Dynamic Hedging: Managing Vanilla and Exotic Options
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Partial table of contents: MARKETS, INSTRUMENTS, PEOPLE. The Generalized Option. Liquidity and Liquidity Holes. Volatility and Correlation. MEASURING OPTION RISKS. Gamma and Shadow Gamma. Theta and…