How Much is Your Time Worth?
Time and money represent the basic conflict of work-life balance. Here is an unreal look at the old problem.
Corporate Life, Quantitative Finance, Work and Life
quantitative finance
The Wilmott Magazine, Quantitative Finance
A New Kind of Binomial Tree
How does a binomial tree pricing model look in a functional language? The last excerpt from my next column for the Wilmott Magazine (May 2009 iessu), this post may be a bit technical for those who are not practitioners in the field of quantitative finance.
Quantitative Finance, The Wilmott Magazine
Functional Programming
Another excerpt from my next column in a quantitative finance magazine, here is an explanation of why functional language looks interesting to a mathematician.
The Wilmott Magazine, Quantitative Finance
Magic of Object Oriented Languages
Another excerpt from my next column in the Wilmott magazine to appear in May 2009, this post takes a high level look at object oriented languages and introduces the concept of functional programming. The next two posts in this series may get a bit technical.
The Wilmott Magazine, Quantitative Finance
Paradigms All the Way
The power of paradigms in computing, and how it aids in the seemingly endless march of the Moore’s Law. An excerpt from my next column in the Wilmott magazine to appear in May 2009.
The Wilmott Magazine, Quantitative Finance
Zeros and Ones
Ever marvel at the ability of computers to obey your wishes, while completely screwing up what you really wanted to do? Here is an insight into this computer mind, from a quantitative finance professional’s point of view. From my next column to appear in the Wilmott Magazine. This post is the first of a short series of posts on this subject.
Columns, The Wilmott Magazine, Quantitative Finance
Hedging Dilemma
Ever wonder why those airfares are quick to climb, but slow to land? One word — hedging. Here is another excerpt from my next column to appear in the Wilmott Magazine.
The Wilmott Magazine, Work and Life, Quantitative Finance
Ambition vs. Greed
Was corporate greed to blame for the financial debacle we are in? Perhaps. Here is an excerpt from my next column to appear in the Wilmott Magazine.
The Wilmott Magazine, Physics, Quantitative Finance, Columns
Chaos and Uncertainty
This article appeared in the Wilmott Magazine in Jan 2009, and talks not quite about the chaos and uncertainty of the last few months in finance industry can be summarized in two words. It is more about the physics concepts bearing the same names, and how they can be applied to the turmoil in the financial and economic world.
Columns, The Wilmott Magazine, Quantitative Finance
Software Nightmares
This article, to appear in the Wilmott Magazine, discusses the issues involved in rolling out a pricing model as a deployed platform for trading. Although of more direct interest to the practitioners, this article may appeal to those who find the mysterious field of global markets intriguing.
[…] The financial industry keeps up with the developments in the computer industry for one simple reason. Stronger computers and smarter programs mean more money — a concept we readily grasp. As we use the latest and greatest in computer technology and pour money into it, we fuel further developments in the computing field. In other words, not only did we start the fire, we actively fan it as well. But it is not a bad fire; the positive feedback loop that we helped set up has served both the industries well. […]
Columns, The Wilmott Magazine, Quantitative Finance
Quant Talent Management
How to retain quant talent? Published in the Wilmott Magazine, March 2008.
The trouble with quants is that it is hard to keep them anchored to their moorings. Their talent is in high demand for a variety of reasons. The primary reason is the increasing sophistication of the banking clients, who demand increasingly more structured products with specific hedging and speculative motives. Servicing their demand calls for a small army of quants supporting the trading desks and systems. […]
Benford and Your Taxes
This article that appeared in the Jan 2008 issue of the Wilmott Magazine explores the fascinating numerical phenomenal of the first digits in real-life numbers.
[…] The calculated creativity in tax returns seldom pays off. Your calculations of expected pain and suffering are never consistent with the frequency with which IRS audits you. The probability of an audit is, in fact, much higher if you try to inflate your tax deductions. You can blame Benford for this skew in probability stacked against your favor. […]