PREFACE xv
I would like to thank all Members of the forum for their
participation and in particular the following, more pro-
lific, Members for their contributions to the online FAQs
and Brainteasers: Aaron, adas, Alan, bayes, Cuchulainn,
exotiq, HA, kr, mj, mrbadguy, N, Omar, reza, Waagh-
Bakri and zerdna. Thanks also to DCFC for his advice
concerning the book.
I am grateful to Caitlin Cornish, Emily Pears, Graham
Russel, Jenny McCall, Sarah Stevens, Steve Smith, Tom
Clark and Viv Wickham at John Wiley & Sons Ltd for
their continued support, and to Dave Thompson for his
entertaining cartoons.
I am also especially indebted to James Fahy for making
the Forum happen and run smoothly.
Mahalo and aloha to my ever-encouraging wife, Andrea.
About the author
Paul Wilmott is one of the most well-known names in
derivatives and risk management. His academic and
practitioner credentials are impeccable, having writ-
ten over 100 research papers on mathematics and
finance, and having been a partner in a highly prof-
itable volatility arbitrage hedge fund. Dr Wilmott is a
consultant, publisher, author and trainer, the propri-
etor ofwilmott.comand the founder of the Certificate in
Quantitative Finance (7city.com/cqf). He is the Editor in
Chief of the bimonthly quant magazineWilmottand the
author of the student textPaul Wilmott Introduces Quan-
titative Finance, which covers classical quant finance
from the ground up, andPaul Wilmott on Quantitative
Finance, the three-volume research-level epic. Both are
also published by John Wiley & Sons.