Speaking

Nassim and Paul Wilmott are offering their “infamous” two-day seminar “Quantitative Risk Management: In Theory and In Practice” on March 12th and 13th, in London. Here are the points that will be addressed:

  • What is risk?
  • What are fat tails?
  • The idea of fragility and how to measure it
  • Size and scaling
  • The law of large numbers in the real world
  • What is complexity?
  • How to price options using different distributions
  • How to simulate fat tails
  • How to measure model risk
  • How not to measure model risk
  • Sometimes it’s wrong to use probabilities
  • The concept of delta-alpha
  • The commonest quant mistakes
  • The Greeks that give you false hope
  • Why calibration does not work
  • The dangers of correlation
  • The importance of nonlinearity
  • Volatility nonsense
  • What commonsense tells you about volatility, and turning that into a model
  • Why simple models are often the best and why too much math can be dangerous
  • A summary of what to do and where the real world is different

 

To register, please visit the Wilmott Forums.

necsi

Antifragility: A User’s Manual

Learn to thrive in a volatile and complex world by creating “antifragile” organizations that thrive on stress and disorder

A two-day program for senior management
November 4th and 5th, 2013
Cambridge, MA

Speakers:

Nassim Nicholas Taleb, Distinguished Professor, Polytechnic Institute of New York University

Yaneer Bar-Yam, President and Professor, New England Complex Systems Institute

Link to more details including registration here.