In 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…
Comments closedAuthor: Emanuel Derman
I’m about 1/3 of the way through the
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About ten years ago, after living in New York for three decades, I took a short vacation at Kvikne?s Hotel in Balestrand, right on the…
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In today’s NY Times,
Comments closedOn a long trip from HK to JFK I reread The Crying of Lot 49 by Pynchon. I read it as a desperate attempt to…
Comments closedIn 1950, Norman Mailer commented as follows in a letter to William Styron: I didn’t write [The] Naked [and the Dead] because I wanted to…
Comments closedSome excerpts from the review that resonate with me: Michalski follows Heidegger in holding that concepts, which we ordinarily employ to make sense of our…
Comments closedI am going to teach an introductory course in financial engineering, and I hate the way people who introduce the subject in continuous time struggle…
Comments closedOccasionally I despair of the way people teach quantitative finance. They put so much effort into teaching students to do the heavy lifting of equivalent…
Comments closedTo teach someone well, you have to be able to put yourself in that person’s mental place, because they are not you and don’t have…
Comments closedExperiences on controversies such as these brings out the impossibility of learning anything from facts till they are examined and interpreted by reason; and teaches…
Comments closedData alone doesn’t have a voice. There is no substitute for theorizing and modeling. From a letter by Steven Weinberg in the NYR of Books…
Comments closedI once read this in the Economist, in the year 2000, I believe, but cannot find the reference. Sir- Your article on irony (A quiet…
Comments closedAfter 17 years at Goldman Sachs, Emanuel Derman decided it was time to take a break. Since leaving the firm in June, he has been…
Comments closed22 May – Emanuel Derman, head of Goldman Sachs’ quantitative risk strategies group in firmwide risk, will retire from the firm in June. Goldman Sachs’…
Comments closedGoldman Top Quant to Leave Wall Street Derivatives Week Emanuel Derman, managing director and head of the quantitative risk strategies group in the firm-wide risk…
Comments closedGlobal Finance magazine article.
Comments closedDerivatives Strategy DS: You’re a creator of models, but you also work with real live traders. How far do models go? Where does their value…
Comments closedWritten for the Risk Magazine 15th Anniversary Book on Risk Management. I never expected to be in the business world, not even a few years…
Comments closedA Vpro Backlight Documentary by Marije Meerman, featuring Paul Wilmott and Emanuel Derman.
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From my window, late at night.
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An early outtake from my book Models.Behaving.Badly. An attempt to explain the principles of neoclassical finance from a rational point of view, and to point…
Comments closedUnderstanding GER Contracts
Comments closedLate in life, when his roots should have held him steady, he became unmoored, and it seemed inappropriate. But who determined what was appropriate?
Comments closedI find myself increasingly in irritated disagreement with the many neuroscientists and evangelically professional atheists who think that science is everything, that matter is all we have, and that photographic images of chemicals glowing in the brain are equivalent to thoughts and feelings. (I have no problem with their simply disbelieving in God.)
Comments closedWhy it?s not funny anymore?
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