Financial Heists – article in The Guardian
Comments closedAuthor: Emanuel Derman
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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?
Comments closedI am astonished these days. Universities are setting themselves up to eagerly adjudicate charges of sexual assault which by rights and logic should be considered…
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What are the new, emerging risks that people are not paying attention to? 1. The changing role of money? Greenpeace International, an environmental charity, just…
Comments closedIncredibly 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…
Comments closedRecollections concerning first experiences of human death: 1. I am between one and two years old. A closed to door to a darkened room. I…
Comments closedIn the beginning, no Inside or Outside. When other things materialize, call them things. Things penetrate your boundary. Every thing is Inside or Outside. You cannot be…
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