Four Points Beginner Risk Managers Should Learn from Jeff Holman's Mistakes in the Discussion of Antifragile
Nassim Nicholas Taleb
New York University-Poly School of Engineering
December 16, 2013
Quantitative Finance, Forthcoming
Using Jeff Holman's comments in Quantitative Finance to illustrate 4 critical errors students should learn to avoid: 1) Mistaking tails (4th moment) for volatility (2nd moment), 2) Missing Jensen's Inequality, 3) Analyzing the hedging wihout the underlying, 4) The necessity of a numeraire in finance.
Number of Pages in PDF File: 5
Keywords: Risk ManagementAccepted Paper Series
Date posted: December 18, 2013 ; Last revised: February 15, 2014
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.266 seconds