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Emanuel Derman

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Emanuel Derman


Born
South Africa

Emanuel Derman (born c. 1945) is a Jewish South African-born academic, businessman and writer. He is best known as a quantitative analyst, and author of the book My Life as a Quant: Reflections on Physics and Finance

Average rating: 3.75 · 3,261 ratings · 207 reviews · 13 distinct works ? Similar authors
My Life As A Quant: Reflect...

3.79 avg rating — 2,708 ratings — published 2004 — 19 editions
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Models.Behaving.Badly: Why ...

3.42 avg rating — 480 ratings — published 2011 — 16 editions
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The Volatility Smile: An In...

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4.12 avg rating — 41 ratings — published 2016 — 4 editions
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Bad Behavior

3.68 avg rating — 19 ratings — published 2013
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My Life as a Quant: Reflect...

4.33 avg rating — 12 ratings5 editions
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Models.Behaving.Badly.: Why...

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Models. Behaving. Badly.: W...

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Models. Behaving. Badly. by...

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¿í¿ÍÈËÉú£º´ÓÎïÀíѧ¼Òµ½ÊýÁ¿½ðÈÚ´óʦµÄ´«Ææ

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My Life asa QuantReflection...

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Quotes by Emanuel Derman  (?)
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“If you decide you don¡¯t have to get A¡¯s, you can learn an enormous amount in college.”
Emanuel Derman, My Life as a Quant: Reflections on Physics and Finance

“Once, sitting in my car in the parking lot outside Building 5 during a prolonged downpour after a long lunch off premises, Mark, Larry, and I pondered the famous two-condom combinatorial problem that spread through the Center: Two (heterosexual) couples decide to have group sex with each other in all possible male-female combinations. They have only two condoms, and everyone is scared of catching some venereal disease. How can they manage four couplings with only two condoms? The first man puts on two condoms, one over the other, and then sleeps with the first woman. Only the outer surface of the outer condom and the inner surface of the inner one has had contact with any potentially infectious surface. The man removes the outer condom and sleeps with the second woman. The second man then dons the removed outer condom whose inner surface has until now had no contact with anyone¡¯s skin, and sleeps with the first woman, whose only contact has thus far been with the outside of the same condom. Finally, the second man dons the second condom over the one he is already wearing, and sleeps with the second woman, who again only experiences a condom she has already touched. It was impossible to resist the temptation to generalize to N couples.”
Emanuel Derman, My Life as a Quant: Reflections on Physics and Finance

“Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt.”
Emanuel Derman, Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life

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