This edition first published 2017
© 2017 Paul Wilmott and David Orrell
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ISBN 978-1-119-35861-9 (paperback) ISBN 978-1-119-35866-4 (ebk)
ISBN 978-1-119-35868-8 (ebk) ISBN 978-1-119-35872-5 (ebk)
Cover design concept: Beatriz Leon
The authors would like to thank publisher Thomas Hyrkiel, project editor Jeremy Chia, production editor Samantha Hartley, and the rest of the Wiley team. Thanks also to Seth Ditchik, Ed Howker, Julia Kingsford, Robert Lecker, Beatriz Leon, Robert Matthews, Myles Thompson, and Andrea Wilmott.
Paul Wilmott is a mathematician and serial entrepreneur. His textbooks and educational programs provide the definitive training for quants; his website wilmott.com is the center of the quant community; his eponymous bi-monthly – and according to Esquire the world's most expensive – magazine is a quant must-have. As a practitioner he has been a consultant to leading financial institutions and managed his own hedge fund. As a commentator he has appeared on many TV and radio programs and written OpEds for the New York Times. Nassim Nicholas Taleb calls him the smartest quant in the world: “He's the only one who truly understands what's going on… the only quant who uses his own head and has any sense of ethics.” Paul divides his time between London, the Cotswolds, and New York.
David Orrell is an applied mathematician and writer. Founder of the scientific consultancy Systems Forecasting, his scientific work has encompassed diverse areas such as particle accelerator design, weather prediction, cancer biology, and economics. His books on subjects including prediction, economics, and science have been national bestsellers and have been translated into over ten languages. A revised and expanded version of his book Economyths: 10 11 Ways That Economics Gets it Wrong is also published this year. He lives in Toronto.
