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Author: Emanuel Derman

A Sense of the Tragic

An all-American friend of mine sometimes accuses me of having a pessimistic European view of life. It’s true: I (used to) like sad movies.  I…

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Soft Power

When I was a blue-eyed boy in the early 1950s in Cape Town near the southern tip of Africa, much of the popular music on…

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The Song of Mandelay

Mother Goddam’s bar in Mandelay Seven planks over the greenish bay Goddam, what kind of establishment that was! Fifteen men waiting for their turn The…

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Bagazh – Happy End

It was many decades ago that I discovered Kurt Weill and Lotte Lenye. I had known, of course, about Bobby Darin’s Mack the Knife, but…

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Adequate Explanations

I once wrote a long chapter in my book Models.Behaving.Badly about Spinoza’s theory of the passions (affects) and how to free oneself of bondage to…

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Time is Not Money

Ideal money is a security that has no dimension. Ideal money is atomic, structureless, has no extension but has infinite duration. Ideal money has zero…

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Intuition 2

People have amazing facilities for sensing something without knowing where it comes from (intuition); for sensing that some phenomenon or situation or object is like…

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