Building Models to Fix Mistakes of the Past
Featuring Emanuel Derman
Published on: September 18th, 2017 • Duration: 46 minutes • Asset Class: Bonds/Rates/Credit, Equities • Topic: Derivatives, Volatility, Financial SystemEmanuel Derman is one of the true innovators of quantitative finance and the author of My Life as a Quant and Models Behaving Badly, meets with Michael Green to discuss a model driven world and the future of equity derivatives. In an intense discussion on the ability to price volatility it is argued that unlike in science, models can never provide the ultimate truth because they are always tackling the problems that the previous set of models created. Filmed on August 29, 2017, in New York.