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The Black Swan: The Impact of the Highly Improbable»rank: 94by: Nassim Nicholas Taleb
: :A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives.Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We ... |
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets»rank: 1878by: Nassim Nicholas Taleb
: :Now in a striking new hardcover edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill.This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors ... |
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Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance)»rank: 31133by: Nassim Nicholas Taleb
: :Dynamic Hedging is the definitive source on derivatives risk. It provides a real-world methodology for managing portfolios containing any nonlinear security. It presents risks from the vantage point of the option market maker and arbitrage operator. The only book about derivatives risk written by an experienced trader with theoretical training, it remolds option theory to fit the practitioner's environment. As a larger share of market exposure cannot be properly captured by mathematical models, noted option arbitrageur Nassim Taleb uniquely covers both on-model and off-model derivatives risks. The author discusses, in plain English, vital issues, including: The generalized option, which encompasses all instruments with convex payoff, including a trader's potential bonus. The techniques ... |
The Volatility Surface: A Practitioner's Guide (Wiley Finance)»rank: 62772by: Jim Gatheral
: :Praise for The Volatility Surface 'I'm thrilled by the appearance of Jim Gatheral's new book The Volatility Surface. The literature on stochastic volatility is vast, but difficult to penetrate and use. Gatheral's book, by contrast, is accessible and practical. It successfully charts a middle ground between specific examples and general models--achieving remarkable clarity without giving up sophistication, depth, or breadth.' --Robert V. Kohn, Professor of Mathematics and Chair, Mathematical Finance Committee, Courant Institute of Mathematical Sciences, New York University 'Concise yet comprehensive, equally attentive to both theory and phenomena, this book provides an unsurpassed account of the peculiarities of the implied volatility surface, its consequences for pricing and hedging, and the theories ... |
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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets»rank: 372273by: Nassim Nicholas Taleb
: :Praise for The Volatility Surface 'I'm thrilled by the appearance of Jim Gatheral's new book The Volatility Surface. The literature on stochastic volatility is vast, but difficult to penetrate and use. Gatheral's book, by contrast, is accessible and practical. It successfully charts a middle ground between specific examples and general models--achieving remarkable clarity without giving up sophistication, depth, or breadth.' --Robert V. Kohn, Professor of Mathematics and Chair, Mathematical Finance Committee, Courant Institute of Mathematical Sciences, New York University 'Concise yet comprehensive, equally attentive to both theory and phenomena, this book provides an unsurpassed account of the peculiarities of the implied volatility surface, its consequences for pricing and hedging, and the theories ... |
El cisne negro/ The Black Swan: El Impacto de lo altamente improbable/ The Impact of the Highly Improbable»rank: 477703by: Nassim Nicholas Taleb
: :Praise for The Volatility Surface 'I'm thrilled by the appearance of Jim Gatheral's new book The Volatility Surface. The literature on stochastic volatility is vast, but difficult to penetrate and use. Gatheral's book, by contrast, is accessible and practical. It successfully charts a middle ground between specific examples and general models--achieving remarkable clarity without giving up sophistication, depth, or breadth.' --Robert V. Kohn, Professor of Mathematics and Chair, Mathematical Finance Committee, Courant Institute of Mathematical Sciences, New York University 'Concise yet comprehensive, equally attentive to both theory and phenomena, this book provides an unsurpassed account of the peculiarities of the implied volatility surface, its consequences for pricing and hedging, and the theories ... |
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Fooled by Randomness Revision (Not Available in US): The Hidden Role of Chance in the Markets and Life»rank: 1089768by: Nassim Nicholas Taleb
: :Selected by and The Financial Times as one of the best business books of the year, Fooled by Randomness is an instant classic. Already published in 14 languages, the book?s title has entered our vocabulary. After reading the excitement expressed below for Fooled by Randomness one realizes that its world-wide bestseller status is no random event. This book is about luck ? or more precisely how we perceive and deal with luck in life and business. It is already a landmark work and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes. Set against the backdrop of ... |
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets [AUDIOBOOK] [UNABRIDGED] (Audio CD)»rank: 717294by: Taleb Nassim Nicholas
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The Black Swan: The Impact of the Highly Improbable»rank: 717294by: Taleb Nassim Nicholas
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Bleeding Hearts {Unabridged} {Cd}»rank: 717294by: Nassim Nicholas Taleb
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