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W FINANCIAL ENGINEERING. DINAMIC. HEDGING. MANAGING. VANILLA AND . EXOTIC OPTIONS. Nassim Taleh. Page 2. Page 3. Page 4. Page 5. Page 6. Dynamic Hedging: Managing Vanilla and Exotic Options John Wiley & Sons, Jan 14, – Business & Economics – pages . Wiley finance editions. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to Dynamic Hedging: Managing Vanilla and Exotic Options.

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There are no discussion topics on this book yet. Taleb’s book is one of the best at teaching derivatives concepts by heuristics rather than pedagogy; while the latter is important, the former is This book will be of zero interest to anyone not involved in the securities trading industry and of small interest still to those not involved with derivatives. Trading and Hedging Exotic Options. Siley of Financial Risk and Derivative Pricing: A Graphical Case Study.

Request permission to reuse content from this title. Liquidity and Liquidity Holes. Aug 13, Frank Palardy rated it really liked it Shelves: In many ways, his is worse.

Dynamic Hedging: Managing Vanilla and Exotic Options – Nassim Nicholas Taleb – Google Books

Victor rated it really liked it Feb 22, Gamma and Shadow Gamma. A Graphical Case Study. Table of contents Related Websites Partial table of contents: I suspect it originates vannilla the lack of other books on the subject at the time of its publication.

Taleb began his financial mathematics career in several of New York City’s Wall Street firms before becoming a scholar in the epistemology managinh chance events, randomness, and option unknown. The only book about derivatives risk written by an experienced trader with theoretical training, it remolds option theory to fit the practitioner’s environment. That liquid splashing your ear is not rain, my friend. New tools to detect risks, such as higher moment analysis,topography exposure, and nonparametric techniques.

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Though I assure you: Refresh and try again. Request permission to reuse content from this site. The book contains modules in which thefundamental mathematics of derivatives, such as the Brownianmotion, Ito’s oprions, the numeraire paradox, the Girsanov change ofmeasure, and the Feynman-Kac solution are presented in intuitivepractitioner’s language.

Just a warning that you might have to read over sections multiple times before you digest ideas. Taleb successfully bridges the gap between the academic and the real world. If he had just held the scimitar aloft and said, “let us slay the black swan,” then I assume that lots of quants would have been there with him sparking up the torches and sharpening the pitchforks. May 02, David rated managlng liked it Shelves: We may forgive Signor Alighieri for his error, for he was born years too early to recognize optoons ominously darkened visage of Nassim Nicholas Taleb next to the ludicrously grinning mug of Paul Wilmott as they bookend Judas Iscariot for all of eternity.

Each chapter worth a fortune to any current or prospectivederivatives trader. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. Goodreads helps you keep track of books you want to read.

Module F Probabilistic Rankings in Arbitrage. To see what your friends thought of this book, please sign up. Contents Introduction Dynamic Hedging.

Wiley Trading

He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. If the dot-com bubble was an age of unabashed risk-taking, the prolonged hangover from that binge has fostered a period of risk aversion; this snappily titled volume is a detailed text of tools that The only complete resource addressing derivative risk With the fully updated and expanded Dynamic Hedging, Revised Edition, readers will learn the proven methodologies for monitoring and managing all the risks associated with managing portfolios containing any nonlinear security.

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The generalized option, which eiley all instruments withconvex payoff, including a trader’s potential bonus. And then there was the relentless repitition of the refrain that quants don’t know what they are talking about, experienced traders know these things in their sleep.

Dynamic Hedging: Managing Vanilla and Exotic Options by Nassim Nicholas Taleb

His current focus is on the properties of systems that can handle disorder “antifragile”. Introduction to the Instruments. New tools to detect risks, such as higher moment analysis, topography exposure, and nonparametric techniques. But there comes a time where cynamic have to overcome difficulties if you really want to learn.

Account Options Sign in. Hull’s book, it is hard to jump out already in the simplest things “. Bruce rated it it was amazing Dec 19, Module B Risk Neutrality Explained.

Just some great material which makes you think hard. Taleb successfully bridges the gap between theacademic and woley real world. Itprovides a real-world methodology for managing portfolioscontaining any nonlinear security.

Kunal Khaitan rated it it was amazing Aug 31, Nassim in action — one can’t go wrong. Managig book contains modules in which the fundamental mathematics of derivatives, such as the Brownian motion, Ito’s lemma, the numeraire paradox, the Girsanov change of measure, and the Feynman-Kac solution are presented in intuitive practitioner’s language. Instead, he chose to demonize his own kind in order to stand even farther apart.

I know that, for some bizarre reason, this book became almost a ‘classic’ among option traders why??? Times Bestseller List for and his title Antifragile: