Читать книгу The Volatility Smile - Park Curry David - Страница 7

Emanuel Derman is a professor at Columbia University, where he directs the program in financial engineering. He was born in South Africa but has lived most of his professional life in Manhattan. He started out as a theoretical physicist, doing research on unified theories of elementary particle interactions. At AT&T Bell Laboratories in the 1980s he developed programming languages for business modeling. From 1985 to 2002 he worked on Wall Street, where he codeveloped the Black-Derman-Toy interest rate model and the local volatility model. His previous books, My Life as a Quant and Models.Behaving.Badly, were both among BusinessWeek's top 10 annual books.

Michael B. Miller is the founder and CEO of Northstar Risk Corp. Before starting Northstar, he was the chief risk officer for Tremblant Capital and before that the head of quantitative risk management at Fortress Investment Group. He is the author of Mathematics and Statistics for Financial Risk Management, now in its second edition, and an adjunct professor at Rutgers Business School. Before starting his career in finance, he studied economics at the American University of Paris and the University of Oxford.

Joo-Hyung (David) Park has extensive experience in valuation of financial instruments and derivatives. He provides valuation advisory services to corporate and private equity clients for their holdings in nonstandard derivative products. These products include equity options granted to executives, embedded derivatives in convertible bonds, and many other customized fixed income and equity derivatives. Prior to this, he studied financial engineering at Columbia University, and physics at the University of Toronto.