This Knol article points to a strange coincidence of words and circumstances surrounding the Greek debacle and the dangers associated with the use of Greeks in financial derivatives risk management...
Check it out!
http://knol.google.com/k/phil-kongtcheu/greek-derivatives-derivatives-greeks/24v2kgtuvzk2v/23#
Sharing information about BICs and showing its superior power in addressing Economic, Financial, Mathematical & Current Issues through the dissemination of relevant material and occasional review of news and articles
Friday, March 19, 2010
Monday, March 8, 2010
Negative Numbers, Rational Numbers, Complex Numbers and BICs
This post is prompted by recent articles by Steven Strogatz in the New York Times where he explains how negative numbers , rational numbers, complex numbers come into the picture in order to better deal with real life problems. Prof. Strogratz is a professor of applied mathematics at Cornell University. His style is very entertaining. The articles are a very interesting and accessible read and some of the comments of readers are sometimes even more interesting.
Likewise, as I make the case in my Introductory article on BICs, the necessity for BICs emerge from the need to tractably manage the risk management problems brought about by the emergence of complex derivative contracts.
To Read:
http://opinionator.blogs.nytimes.com/2010/02/14/the-enemy-of-my-enemy/
http://opinionator.blogs.nytimes.com/2010/02/21/division-and-its-discontents/
http://opinionator.blogs.nytimes.com/2010/03/07/finding-your-roots/?hp
http://knol.google.com/k/introduction-to-basis-instruments-contracts-bics-for-mathematics-finance-and#view
Likewise, as I make the case in my Introductory article on BICs, the necessity for BICs emerge from the need to tractably manage the risk management problems brought about by the emergence of complex derivative contracts.
To Read:
http://opinionator.blogs.nytimes.com/2010/02/14/the-enemy-of-my-enemy/
http://opinionator.blogs.nytimes.com/2010/02/21/division-and-its-discontents/
http://opinionator.blogs.nytimes.com/2010/03/07/finding-your-roots/?hp
http://knol.google.com/k/introduction-to-basis-instruments-contracts-bics-for-mathematics-finance-and#view
Subscribe to:
Posts (Atom)