Quantitative Finance, Forthcoming
5 Pages Posted: 18 Dec 2013 Last revised: 15 Feb 2014
Date Written: December 16, 2013
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.
Keywords: Risk Management
Suggested Citation: 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: https://ssrn.com/abstract=2368561 or http://dx.doi.org/10.2139/ssrn.2368561