My life as a quant : reflections on physics and finance

My life as a quant Reflections on physics and finance

Emanuel Derman

Book - 2004

Saved in:
Place a Hold Save to List Email this

2nd Floor Show me where

332.6092/Derman
1 / 1 copies available
Location Call Number   Status
2nd Floor 332.6092/Derman Checked In
Subjects
Derman, Emanuel.
Investment advisors > Biography.
Physicists > Biography.
Options (Finance)
Quantum theory.
Mathematical physics.
Published
Hoboken, N.J. : Wiley c2004.
Language
English
Main Author
Emanuel Derman (-)
Physical Description
xi, 292 p. : ill. ; 24 cm
Bibliography
Includes bibliographical references and index.
ISBN
9780471394204
  • Prologue: The Two Cultures
  • Physics and finance
  • What quants do
  • The Black-Scholes model
  • Quants and traders
  • Pure thought and beautiful mathematics can divine the laws of physics
  • Can they do the same for finance?
  • Chapter 1. Elective Affinities
  • The attractions of science
  • The glory days of particle physics
  • Driven by ambitious dreams to Columbia
  • Legendary physicists and budding wunderkinder
  • Talent versus character, plans versus luck
  • Chapter 2. Dog Years
  • Life as a graduate student
  • Wonderful lectures
  • T. D. Lee, the brightest star in the firmament
  • Seven lean years
  • Getting out of graduate school only half-alive
  • Chapter 3. A Sort of Life
  • The priesthood of itinerant postdocs
  • Research isn't easy
  • Almost perishing, then publishing
  • The delirious thrill of collaboration and discovery
  • Chapter 4. A Sentimental Education
  • Oxford's civilized charms
  • One physics paper leads to another
  • English idiosyncrasies
  • The anthroposophists
  • Chapter 5. The Mandarins
  • Research and parenthood on New York's Upper East Side
  • A good life, but...the tensions of twin careers
  • Chapter 6. Knowledge of the Higher Worlds
  • A two-city family
  • New age meditations
  • Karma
  • Goodbye to physics
  • Chapter 7. In the Penal Colony
  • The world of industry--working for money rather than love
  • The Business Analysis Systems Center at Bell Labs
  • A small part of a giant hierarchy
  • Creating software is beautiful
  • Chapter 8. Stop-Time
  • Wall Street beckons
  • Interviewing at investment banks
  • Leaving the Labs
  • Chapter 9. Transformer
  • The Financial Strategies Group at Goldman, Sachs & Co.
  • Learning options theory
  • Becoming a quant
  • Interacting with traders
  • A new cast of characters
  • Chapter 10. Easy Travel to Other Planets
  • The history of options theory
  • Meeting and working with Fischer Black
  • The Black-Derman-Toy model
  • Chapter 11. Force of Circumstance
  • Manners and mores on Wall Street
  • The further adventures of some acquaintances
  • Volatility is infectious
  • Chapter 12. A Severed Head
  • A troubled year at Salomon Bros
  • Modeling mortgages
  • Salomon's skill at quantitative marketing
  • Mercifully laid off
  • Chapter 13. Civilization and Its Discontents
  • Goldman as home
  • Heading the Quantitative Strategies Group
  • Equity derivatives
  • The Nikkei puts and exotic options
  • Nothing beats working closely with traders
  • Financial engineering becomes a real field
  • Chapter 14. Laughter in the Dark
  • The puzzle of the volatility smile
  • Beyond Black-Scholes: the race to develop local-volatility models of options
  • The right model is hard to find
  • Chapter 15. The Snows of Yesteryear
  • Wall Street consolidates
  • Clothing goes casual
  • Moving from equity derivatives to firmwide risk
  • The bursting of the Internet bubble
  • Taking my leave
  • Chapter 16. The Great Pretender
  • Full circle, back to Columbia
  • Physics and finance redux
  • Different endeavors require different degrees of precision
  • Financial models as gedanken experiments
  • Acknowledgments
  • Index

Similar Items