Paul's Blog
Misinterpreting The Evidence
I saw a news story recently saying something like there are more germs on your iPhone than on a toilet seat. From which we conclude what? We are told to conclude that this is really […]
Year: 2018
09
WILMOTT Magazine: September 2018 issue
Volume 2018, Issue 97. Pages 1–84 Every issue we bring you original material from some of the best columnists, educators and cutting-edge researchers. Subscribe here. In this issue: Bibliography “Contents,” Wilmott, vol. 2018, iss. 97, […]
Articles
Building Your Wings on the Way Down
Ray Bradbury famously defined “living at risk” as jumping off a cliff and building your wings on the way down. Too many financial risk managers who came late to the field think of risk as […]
Wilmott Inner Circle
Derivatives Pricing and Trading in Incomplete Markets: A Tutorial on Concepts
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 […]
Articles
Internal LGD Estimation in Practice
Driven by a competitive market and motivated by the new Basel Capital Accord (Basel II), banks have put a lot of effort into development and improvement of their methods to assess the creditworthiness of their […]
Wilmott Inner Circle
The Irony in the Variance Swaps
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 […]
Articles
Scenarios IV: Planning for Disasters and then Dealing with them
As I write this it is the fourth anniversary of September 11, 2001. Aside from the anniversary specials airing today, there is little in the news these days about Osama Bin Laden. The news today […]
Wilmott Inner Circle
Inefficient Markets
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 […]
Articles
A Conditional Valuation Approach for Path-Dependent Instruments
In an effort to improve credit risk management, financial institutions have developed various measures to manage their exposure to counterparty risk. One important measure of counterparty risk is potential future exposure (PFE), which is a […]
Wilmott Inner Circle
What I Knew and When I Knew It – Part 2
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 […]