Four Points Beginner Risk Managers Should Learn from Jeff Holman's Mistakes in the Discussion of Antifragile
General Finance
2014-01-14 v1 Risk Management
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.
Cite
@article{arxiv.1401.2524,
title = {Four Points Beginner Risk Managers Should Learn from Jeff Holman's Mistakes in the Discussion of Antifragile},
author = {Nassim Nicholas Taleb},
journal= {arXiv preprint arXiv:1401.2524},
year = {2014}
}