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Four Points Beginner Risk Managers Should Learn from Jeff Holman’s Mistakes in the Discussion of Antifragile by Nassim Nicholas Taleb :: SSRN

Four Points Beginner Risk Managers Should Learn from Jeff Holman’s Mistakes in the Discussion of Antifragile

Nassim Nicholas Taleb
New York University; Université Paris I Panthéon-Sorbonne – Centre d’Economie de la Sorbonne (CES)
December 16, 2013

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

via Four Points Beginner Risk Managers Should Learn from Jeff Holman’s Mistakes in the Discussion of Antifragile by Nassim Nicholas Taleb :: SSRN.

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