Dynamic Hedging
Encyclopedia
Nassim Nicholas Taleb
author
ed the book
Dynamic Hedging: Managing Vanilla and Exotic Options about the risk properties of commonly traded products in finance
(vanilla options) and those products with more complex features (exotic option
s). In 1996, John Wiley & Sons published
the book. He mostly focused on off-model risks and the robustness of model errors.
Nassim Taleb
Nassim Nicholas Taleb is a Lebanese American essayist whose work focuses on problems of randomness and probability. His 2007 book The Black Swan was described in a review by Sunday Times as one of the twelve most influential books since World War II....
author
Author
An author is broadly defined as "the person who originates or gives existence to anything" and that authorship determines responsibility for what is created. Narrowly defined, an author is the originator of any written work.-Legal significance:...
ed the book
Book
A book is a set or collection of written, printed, illustrated, or blank sheets, made of hot lava, paper, parchment, or other materials, usually fastened together to hinge at one side. A single sheet within a book is called a leaf or leaflet, and each side of a leaf is called a page...
Dynamic Hedging: Managing Vanilla and Exotic Options about the risk properties of commonly traded products in finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
(vanilla options) and those products with more complex features (exotic option
Exotic option
In finance, an exotic option is a derivative which has features making it more complex than commonly traded products . These products are usually traded over-the-counter , or are embedded in structured notes....
s). In 1996, John Wiley & Sons published
Publishing
Publishing is the process of production and dissemination of literature or information—the activity of making information available to the general public...
the book. He mostly focused on off-model risks and the robustness of model errors.