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…
Comments closedAuthor: Emanuel Derman
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…
Comments closedI have written about this topic more than ten years ago, but today I was reminded again of the immense difference between knowing what to…
Comments closedThe other night I was having dinner with an erstwhile collaborator (academic, not WWII) and we were talking about the relation between psychological time and…
Comments closedFinancial Heists – article in The Guardian
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By the symbol ‘>’ I mean ‘is stronger than‘ or ‘can wipe out‘ or ‘dominates‘. Pain > Pleasure Physical pain > Psychic pain Psychic pleasure…
Comments closedI have heard people claim that a machine learning program could have figured out, as Newton did, the force relation between two masses and the…
Comments closedI went to see John McEnroe: In the Realm of Perfection, which really was a movie about what it’s like to be transcendently in the…
Comments closedI 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…
Comments closed… is the recitation of sins and the asking for forgiveness. You don’t have to even be religious or a believer to appreciate it. I…
Comments closedIdeal money is a security that has no dimension. Ideal money is atomic, structureless, has no extension but has infinite duration. Ideal money has zero…
Comments closedPeople have amazing facilities for sensing something without knowing where it comes from (intuition); for sensing that some phenomenon or situation or object is like…
Comments closedOne of the most useful things a person can know about himself is where he or she begins and where other people end. If you…
Comments closedVideo of Lecture on Models Behaving Badly at The Institute of Physics, London, 2013
Comments closedFrom the New York Times Style Section, Sep 1, 2030 Posted At : September 5, 2010 7:29 PM | Posted By : Emanuel Derman …Despite…
Comments closedThe evolution of a quantitative approach to finance has proceeded through many small but significant steps and occasional large epiphanies. A Stylized History This was…
Comments closedMany behavioral economists want to correct people’s supposedly irrational behavior by teaching them statistics and arithmetic. But the world of human behavior has more than…
Comments closediTunes itunes.apple.com…… Bloomberg www.bloomberg.com…… SoundCloud soundcloud.com……
Comments closedA brief lecture given at the BBQ, the Bloomberg Quant Seminar Scientific_Approach_to_Finance
Comments closedEven when I was a child, as soon as they saw that I liked the smell of petrol at the pump in my father?s garage,…
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As recollected from a Walt Kelly Pogo Cartoon in the NY Post in the early 1970s. Somewhere I have the original cartoon, which I will…
Comments closedIn Hong Kong the other day I saw an exhibition of photographs taken by Sebastian Salgado. Some of them were photographs of
Comments closedWhy is Thomas Piketty’s 700-page book a bestseller?
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Incredibly clever lyrics by Gershwin in this great
Comments closedThe late flight I boarded for Europe took off precisely on time. I sent one last email before they closed the airplane doors and commanded…
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