专栏名称: Dynamic Delta - Pure Alpha
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Good old days of traders and models (Part 1)

Dynamic Delta - Pure Alpha  · 知乎专栏  ·  · 2014-03-03 21:24

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I think that's what models are good for in finance. In most cases the world doesn't really behave in exactly the way as the model you've constructed. You're trying to make a poor approximation of reality, though it has big advantages. You can ask, "What happens if volatility goes up or interest rates go down?" It allows you to stress-test your view of the world in some way and then come up with a price based on what you can understand.

世界并不像模型那样进行演化,即使对世界进行一个略微近似的模拟也有了一个很大的帮助。给你一个不同的思路观察这个世界。

2. how a good trader do with a good model







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