Quiz: Som people to measure happiness in a country or region and its variations by the suicide rate. Assuming happiness can be defined, what is wrong with the method?
via Quiz: Som people to measure happiness in a… – Nassim Nicholas Taleb.
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, 2013Abstract:
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
Economists and Quant Risk Managers have been lining up from here to Cleveland to get at the ideas of The Black Swan… For 6 years now, with nothing to report, no substance.
Here is the first attack on my ideas in a decent academic journal… So full of mistakes that I will use it in a class lecture.
Article: “Four Points Beginner Risk Managers Should Learn from Jeff Holman’s Mistakes in the Discussion of Antifragile”
via Economists and Quant Risk Managers have been… – Nassim Nicholas Taleb.
Friends, Paris, Wednesday 18, Amphitheatre de la Sorbonne, free registration. Will speak in English as it is organized by the BBC and Paris Dauphine.
http://www.dauphine.fr/fr/actus/evenements/conferences-bbc/inscription-nassim-nicholas-taleb.html
via Friends, Paris, Wednesday 18, Amphitheatre de la… – Nassim Nicholas Taleb.