Prof. Derman Publishes a New Book! The Volatility Smile
Congratulations to Professor Emanuel Derman on his new book, The Volatility Smile. This book is based on 13 years of teaching IEOR E4718 Beyond Black-Scholes: The Implied Volatility Smile.
The course was formerly titled An Introduction to the Volatility Smile. The focus of the course is to study the volatility smile and to use mathematics to understand the world, especially after the Great Financial Crisis.
“I am not interested in proofs, but only in what nature does” -Paul Dirac