Financial models | Mathematical finance

Financial Modelers' Manifesto

The Financial Modelers' Manifesto was a proposal for more responsibility in risk management and quantitative finance written by financial engineers Emanuel Derman and Paul Wilmott. The manifesto includes a Modelers' Hippocratic Oath. The structure of the Financial Modelers' Manifesto mirrors that of The Communist Manifesto of 1848. The Manifesto and Oath were written in response to the Financial crisis of 2007–2010 with the collapse of subprime mortgages. A shortened version was published in Business Week in December 2008 with the complete version appearing shortly afterwards; the full text is available here[1]. Note that both authors had written extensively about the risks related to financial models for several years before the crisis; for example: Emanuel Derman in 1996: "There are always implicit assumptions behind a model and its solution method. But human beings have limited foresight and great imagination, so that, inevitably, a model will be used in ways its creator never intended. This is especially true in trading environments… but it’s also a matter of principle: you just cannot foresee everything. So, even a “correct” model, “correctly” solved, can lead to problems. The more complex the model, the greater this possibility." Paul Wilmott in 2000: "Unfortunately, as the mathematics of finance reaches higher levels so the level of common sense seems to drop. There have been some well publicised cases of large losses sustained by companies because of their lack of understanding of financial instruments…. It is clear that a major rethink is desperately required if the world is to avoid a mathematician-led market meltdown." (Wikipedia).

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Lecture 1: Portfolio Choice with Multiple Assets

Lecturer: Prof. Shimon Benninga Tel Aviv University 5.7.11

From playlist Financial Modeling (Simon Benniga)

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19. Investment Banks

Financial Markets (2011) (ECON 252) Professor Shiller characterizes investment banking by contrasting it to consulting, commercial banking, and securities trading. Then, in order to see the essence of investment banking, he reviews some of the principles that John Whitehead, the former c

From playlist Financial Markets (2011) with Robert Shiller

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Lecture 5: Introduction to Monte Carlo in Finance

Lecturer: Prof. Shimon Benninga Tel Aviv University 2.8.11

From playlist Financial Modeling (Simon Benniga)

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Lecture 2: Computing Efficient Portfolios

Lecturer: Prof. Shimon Benninga Tel Aviv University 12.7.11

From playlist Financial Modeling (Simon Benniga)

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The Explainer: What is a Business Model?

"Business model" and "strategy" are among the most sloppily used terms in business. --------------------------------------------------------------------- At Harvard Business Review, we believe in management. If the world’s organizations and institutions were run more effectively, if our

From playlist The Explainer

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Excel Finance Class 08: Intro To Corporate Financial Management

Download pdf notes: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/Busn233Ch01.pdf Download article: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/Busn233FreeEfficientRational.pdf Learn about The definition of finance, the goal of finance, the drawbacks of the goal of fina

From playlist Excel Finance Free Course at YouTube. Cash Flow Analysis and Model Building (110 Videos).

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Lecture 3: Black-Litterman Model

Lecturer: Prof. Shimon Benninga Tel Aviv University 19.7.11

From playlist Financial Modeling (Simon Benniga)

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Agile Way Of Thinking | Scrum Master Training | Simplilearn

Agile Scrum Master Training – Agile Way of Thinking This video will introduce you to agile project management approach and Scrum Agile Methodology. 🔥Free ASM Course: https://www.simplilearn.com/agile-scrum-master-basics-skillup?utm_campaign=AgilewayofThinking&utm_medium=Description&utm_s

From playlist Agile Scrum Master Training Videos [2022 Updated]

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The Next Big Thing In Software Architecture

What could help us to build even better, even more complex systems? What comes next? What’s on the horizon that may be the next big step? Software development is always changing. The public cloud is only 15 years old but has changed how a lot of software is developed and our assumptions of

From playlist Software Engineering

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TalentDAO- How does decentralized scientific publishing work - Deep Random Talks S2E6

Listen to Amir Feizpour, Carla Ostmann and Renee Davis speak about how decentralized scientific publishing work.

From playlist Deep Random Talks- Season 2

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Karl Marx - From Socrates to Sartre (1979)

Thelma Z. Lavine delivers a few lectures on the life and thought of Karl Marx as part of a televised lecture series called 'From Socrates to Sartre, A Historical Introduction to Philosophy'. Note, the music has been edited out. 00:00 The Young Hegelian 28:09 Alienated Man 56:09 The Confli

From playlist Social & Political Philosophy

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Understanding the Industrial Revolution | Wondrium Perspectives

The Industrial Revolution was a pivotal period in human history. It transformed the entire world as it reshaped social and political structures in ways that hadn’t been seen since the invention of agriculture. In this episode of Perspectives, three experts discuss how the Industrial Revo

From playlist American History

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Ryan Lockard - Secrets From The Agile Manifesto Authors On Flow (Closing Talk)

I interviewed 14 of the 17 Agile Manifesto authors for a special podcast project with the intent to chronicle the manifesto story. What emerged was much more. The story of why the event was needed, what the vision was, how this was ruined in industry. Learn how DevOps is the true agility e

From playlist DevOpsDays NYC 2018

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A War To End All Wars - Home Front Propaganda I THE GREAT WAR - Week 13

The first weeks of war already took hundreds of thousands of lives and the daily struggle to survive in the trenches on the Western Front has nothing to do with the promised glory. Back home, propaganda is already working and grotesquely distorting the public's opinion about the war. While

From playlist World War 1 - 1914 (Season 1)

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5 Tips for Building Better Financial Models in Excel

Sign Up for Magnimetrics for FREE | https://app.magnimetrics.com/auth/invite/youtube Or Learn More about Magnimetrics | https://magnimetrics.com/ If you like this video, drop a comment, give it a thumbs up and consider subscribing here: https://www.youtube.com/channel/UCrdjXR70BwWIX--ZtQB

From playlist Excel Tutorials

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Project management 101 | What is PMP? | PMP Certification Training | Edureka

🔥Edureka PMP Certification Exam Training(𝐔𝐬𝐞 𝐂𝐨𝐝𝐞: 𝐘𝐎𝐔𝐓𝐔𝐁𝐄𝟐𝟎) : https://www.edureka.co/pmp-certification-exam-training In this Edureka video on "Project management 101", you will completely understand what exactly is project management and the various aspects related to it. It will also ta

From playlist PMP Certification Training Videos

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2. Utilities, Endowments, and Equilibrium

Financial Theory (ECON 251) This lecture explains what an economic model is, and why it allows for counterfactual reasoning and often yields paradoxical conclusions. Typically, equilibrium is defined as the solution to a system of simultaneous equations. The most important economic mode

From playlist Financial Theory with John Geanakoplos

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Periklis Thivaios: The new financial ecosystem and what it means for risk management

Periklis Thivaios, Researcher at IE Business School, discusses the influence that fintech has on banking as we know it, and its future in the industry at RiskMinds Americas, 2016.

From playlist Innovation and disruption: Causing ripples in risk

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3. Computing Equilibrium

Financial Theory (ECON 251) Our understanding of the economy will be more tangible and vivid if we can in principle explain all the economic decisions of every agent in the economy. This lecture demonstrates, with two examples, how the theory lets us calculate equilibrium prices and all

From playlist Financial Theory with John Geanakoplos

Related pages

Risk management | Financial economics | Mathematical finance | Financial modeling