Abstract

http://ssrn.com/abstract=2368561
 


 



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

Abstract:     
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 Management

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Date posted: December 18, 2013 ; Last revised: February 15, 2014

Suggested Citation

Taleb, Nassim Nicholas, Four Points Beginner Risk Managers Should Learn from Jeff Holman's Mistakes in the Discussion of Antifragile (December 16, 2013). Quantitative Finance, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2368561 or http://dx.doi.org/10.2139/ssrn.2368561

Contact Information

Nassim Nicholas Taleb (Contact Author)
New York University-Poly School of Engineering ( email )
Brooklyn, NY 11201
United States

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