Articles
American π: Piece of Cake?
An American option can be exercised by its holder at any time he wishes, not just at the expiration date. Textbooks tell you that pricing it in the context of the binomial model is a […]
Year: 2017
News
In Memoriam: Professor Mark Joshi
Professor Mark Joshi was born on 2 March 1969 and grew up in Dunblane, Scotland. He studied mathematics at, Hertford College, University of Oxford, finishing at the top of his year in 1990 and winning […]
Paul's Blog
Where Do You Keep Your Offshore Money?
Where do you keep your offshore money? The media is all upset about celebs, politicians, etc. having money in various offshore places, in order to avoid taxes. Naturally, and totally expectedly, this is very hypocritical […]
Wilmott Inner Circle
Grid Monte Carlo In Portfolio CVA Valuation: Wilmott Magazine Article
You’ve just tried to access content that is only available to WILMOTT INNER CIRCLE members! Membership of WIC is a simple, free, upgrade to ordinary membership of wilmott.com. All we need is a bit more personal […]
Paul's Blog
Bloomberg View Columnist Barry Ritholtz Interviews Paul Wilmott
Listen to Barry Ritholtz interview Paul Wilmott about quantitative finance, mathematical modelling, reputational risk, Tom Cruise, JK Rowling, Billy Jones and the ukulele, among many other things: Here
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WILMOTT Magazine: Sept 2017 issue
Volume 2017, Issue 91. Pages 1–60 Every issue we bring you original material from some of the best columnists, educators and cutting-edge researchers. Subscribe here. In this issue: “Contents,” Wilmott, vol. 2017, iss. 91, p. […]
Articles
Quantifying Model Risk: Wilmott Magazine Article
Issues and approaches to measure and assess model risk when building quant models. With model failures leading to some high-profile financial accidents in the past few years, there has been a renewed emphasis to systematically […]
Paul's Blog
Boris Johnson, Yanis Varoufakis And Sir Vince Cable All Have Something In Common
Boris Johnson, Yanis Varoufakis and Sir Vince Cable all have something in common…. All three have been in the news lately with their interpretations of events surrounding Brexit and the Negotiations. You’d think that three […]
Paul's Blog
Webcast – Paul Wilmott On “The Money Formula”
Paul recently gave a talk in downtown Manhattan about his new book, co-authored with David Orrell, The Money Formula. Other topics get dragged in along the way… To say that the talk is wide ranging […]
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WILMOTT Magazine: July 2017 issue
Volume 2017, Issue 90. Pages 1–60 Every issue we bring you original material from some of the best columnists, educators and cutting-edge researchers. Subscribe here. In this issue: “Contents,” Wilmott, vol. 2017, iss. 90, p. […]