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W FINANCIAL ENGINEERING. DINAMIC. HEDGING. MANAGING. VANILLA AND . EXOTIC OPTIONS. Nassim Taleh. Page 2. Page 3. Page 4. Page 5. Page 6. Dynamic Hedging: Managing Vanilla and Exotic Options John Wiley & Sons, Jan 14, – Business & Economics – pages . Wiley finance editions. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to Dynamic Hedging: Managing Vanilla and Exotic Options.

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That rare find, a book of great practical and theoretical value. The only book about derivatives risk written by an experienced trader with theoretical training, it remolds option theory to fit the practitioner’s environment.

Dynamic Hedging opfions an indispensable and definitive reference formarket makers, academics, finance students, risk managers, andregulators. Taleb does manage to point out convincingly by beating you over the head with it for pages that nonlinear instruments carry with them risks that linear ones do not.

Geoff rated it it was amazing Mar 28, We may forgive Signor Alighieri for his error, for he was Do you remember reading The Divine Comedy and getting finally to the part where the two poets apparently on an extended smoke break from their barista jobs in Brooklyn get to the ninth circle of Hell only to think to yourself, “Brutus and Cassius?

This should include, the Wiley title sand the specific portion of the content you wish to re-use e. Taleb’s book is one of the best at teaching derivatives concepts by heuristics rather than pedagogy; while the latter is important, the former is This book will be of zero interest to anyone not involved in the securities trading industry and of small interest still to those not involved with derivatives.


Instead, he chose to demonize his own kind in order to stand even farther apart. From Statistical Physics to Managing Vanilla and Exotic Options Series in financial economics and quantitative analysis Volume 64 of Wiley Finance Wiley finance editions Wiley series in financial engineering. Account Options Sign in. If this is exoric republication request please include details of the new work in which the Wiley content will appear.

Dynamic Hedging: Managing Vanilla and Exotic Options – Nassim Taleb, Taleb – Google Books

Taleb successfully bridges the gap between the academic and the real world. Bruce rated it it was amazing Dec 19, Taleb is the author wikey a multivolume essay, the Incerto The Black Swan, Fooled by Randomness, Antifragile, and Skin in the Game an investigation of opacity, luck, uncertainty, probability, human error Nassim Nicholas Taleb spent 21 years as a risk taker quantitative trader before becoming a flaneur and researcher in philosophical, mathematical and mostly practical problems with probability.

The path dependence of all options hedged dynamically. Vega and the Volatility Surf ace. Hardcoverpages. Dec 10, Carl Yang rated it it was amazing. Dex rated it really liked it Jan 10, Wilye critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Request permission to reuse content from this title. Trading and Hedging Exotic Options.

Theory of Financial Risk and Derivative Pricing: Permissions Request permission to reuse content from this site.

[PDF] Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance) [Read] Online

Please read our Privacy Policy. The definitive book on options trading and risk management “If pricing is a science and hedging is an art, Taleb is a virtuoso. In many ways, his is worse. A long time read finally finished today, though it is more of an investment reference book than a read.


This Print-on-Demand format will be printed specifically to fill your dynmic.

Some Wrinkles of Option Markets. The ninth circle of hell is about betrayaland these gentlemen have repeatedly run roughshod over the very people who would be their biggest champions: Taleb successfully bridges the gap between theacademic and the real world. To ask other readers questions about Dynamic Hedgingplease sign up.

It presents risks from thevantage point of the option market maker and arbitrage operator. Introduction to the Instruments. The techniques for trading exotic options, including binary, barrier, multiasset, and Asian options, as well as methods to take into account the wrinkles of actual, non-bellshaped distributions. The generalized option, which encompasses all instruments withconvex payoff, including a trader’s potential bonus. Just some great material which makes you think hard.

Want to Read saving…. Rafael Jose Velasquez rated it it was amazing Dec 21, Taleb, despite his claims of hour marathon mathematical musings cannot seem to make up his mind if he is a mathematician, a trader, or both.

Module G Option Pricing. Taleb successfully bridges the gap between the academic and the real world. Theta and Minor Greeks. Sep 05, Austin rated it did not like it Shelves: This “there’s something wrong wilet you that only I can fix” attitude reminds me of Scientology a bit. Just a warning Taleb is one arrogant dude who loves flooding his books with archaic words which were last employed in the English Language by Geoffrey Chauncer.

Account Options Sign in. It provides a real-world methodology for managing portfolios containing any nonlinear security.