Of a Philosophical Difference with Black-Scholes

Summary

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Book Review

Speculative Capital: Volume I: The invisible hand of global finance by Nasser Saber; Financial Times Prentice Hall, London, 1999, 242 pp., US$34.95 (cloth).

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Extract

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Of a Philosophical Difference with Black-Scholes

Speculative Capital and Derivatives: Volume II: The nature of risk in capital markets by Nasser Saber; Financial Times Prentice Hall, London, 1999, 253 pp., US$59.95 (cloth).

Speculative Capital: Volume III: The Enigma of Options by Nasser Saber; SaberSystem, New York, NY (2005), 179 pp., US$75.

According to the dominant schools of thought in the economics faculties of the western world, human beings predictably prefer a cer...

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