Reddit reviews Theory of Financial Risk and Derivative Pricing: From Statistical Physics to Risk Management
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Used Book in Good Condition
No he was not a physicist he was a financial analyst / actuary.
http://en.wikipedia.org/wiki/David_X._Li
If you want to see what physicists do with finance, read this
http://www.amazon.com/Theory-Financial-Risk-Derivative-Pricing/dp/0521741866/ref=sr_1_1?ie=UTF8&qid=1331442638&sr=8-1
Economics as math is at the kindergarten level. Eg the "Nobel" prize winning Black-Scholes formula is just 2nd year differential equations (and does not work).
Economics as practiced by economists is highly misleading about the real world. See this
Greenspan (PhD in economics and former head of the Fed) - the meltdown had revealed a flaw in a lifetime of economic thinking and left him in a “state of shocked disbelief.”
http://www.msnbc.msn.com/id/27335454/ns/business-stocks_and_economy/t/greenspan-admits-mistake-helped-crisis/