Emanuel Derman is a principal and Head of Risk at Prisma Capital Partners and a professor and Director of the Program in Financial Engineering at Columbia University. He was formerly a managing director at Goldman, Sachs & Co., which he joined in 1985 after an initial career in academic life and at AT&T Bell Laboratories. He is the co-creator of the widely used Black-Derman-Toy interest rate model and the Derman_Kani local volatility model. Among his many awards and honors, he was named the SunGard/IAFE Financial Engineer of the Year in 2000 and was appointed to the Risk Hall of Fame in 2002. He has a PhD in theoretical physics from Columbia University and is the author of numerous articles in elementary particle physics, computer science, and finance.
Prologue: The Two Cultures.
Chapter 1: Elective Affinities.
Chapter 2: Dog Years.
Chapter 3: A Sort of Life.
Chapter 4: A Sentimental Education.
Chapter 5: The Mandarins.
Chapter 6: Knowledge of the Higher Worlds.
Chapter 7: In the Penal Colony.
Chapter 8: Stop-Time.
Chapter 9: Transformer.
Chapter 10: Easy Travel to Other Planets.
Chapter 11: Force of Circumstance.
Chapter 12: A Severed Head.
Chapter 13: Civilization and Its Discontents.
Chapter 14: Laugher in the Dark.
Chapter 15: The Snows of Yesteryear.
Chapter 16: The Great Pretender.
About the Author.