Dynamic Hedging by Nassim Nicholas Taleb
Managing Vanilla and Exotic Options
A practical, mathematically grounded guide to managing and hedging the risks of options and other nonlinear financial instruments, emphasizing dynamic rebalancing, the Greeks, and exposures to volatility and jumps; it blends rigorous derivations with trading experience to show how to construct and adjust hedges, warns against reliance on simplistic models, and stresses dealing with tail events, transaction costs, and model risk to build robust risk-management strategies in real-market conditions.
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- Published
- 1997
- Nationality
- American
- Length
- Moderate
- Pages
- 432
- Original Language
- English
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- Alternate Titles
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