Hostname: page-component-78c5997874-s2hrs Total loading time: 0 Render date: 2024-11-14T01:29:00.208Z Has data issue: false hasContentIssue false

Varieties of volatility

Published online by Cambridge University Press:  09 November 2023

Benjamin Lee*
Affiliation:
The New School, USA
*
Corresponding author: Benjamin Lee, The New School, N-66 Fifth Avenue, New York, NY 10011, USA. Email: [email protected]
Rights & Permissions [Opens in a new window]

Abstract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

This article explores the quantitative and qualitative dimensions of volatility and their implications for cultural analysis in a range of fields. From quantitative finance, it takes the notion of ‘delta-hedging’, the suspension or neutralization of directionality to get access to volatility, and applies this to qualitative areas such as surfing, dance, cinema, and language.

Type
Article
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits noncommercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
© 2023 The Author(s)

References

Traveler, Aloha (2008) Laird Hamilton takes on Teahupoo (video). YouTube. Available at: <https://youtu.be/pYQQtxb8wv0>. Accessed 11 April 2023..+Accessed+11+April+2023.>Google Scholar
Abbas, A. (2023) Figuring volatility. Finance and Society, 9(3).Google Scholar
Ayache, E. (2008) I am a creator. Wilmott Magazine, June: 3646.Google Scholar
Ayache, E. (2010) The Blank Swan: The End of Probability. Chichester: Wiley & Sons.Google Scholar
Ayache, E. (2015) The Medium of Contingency: An Inverse View of the Market. New York: Palgrave Macmillan.10.1007/978-1-137-28656-7CrossRefGoogle Scholar
Belinski, I. (2018) Slavoj Zizek & Philippe Petit: Act of courage (video). YouTube. Available at: <https://www.youtube.com/watch?v=TnTc1fLFee0&ab_channel=IppolitBelinski>. Accessed 11 April 2023..+Accessed+11+April+2023.>Google Scholar
Bergson, H. (1911) Matter and Memory. London: George Allen & Unwin.Google Scholar
Black, F. (1989) How we came up with the option formula. Journal of Portfolio Management, 15(2): 48.10.3905/jpm.1989.409198CrossRefGoogle Scholar
Csikszentmihalyi, M. (1996) Creativity: Flow and the Psychology of Discovery and Invention. New York: Harper Perennial.Google Scholar
De Man, P. (1979) Allegories of Reading: Figural Language in Rousseau, Nietzsche, Rilke, and Proust. New Haven, CT: Yale University Press.Google Scholar
Derman, E. (2002) The perception of time, risk and return during periods of speculation. Quantitative Finance, 2(4): 282–96.10.1088/1469-7688/2/4/304CrossRefGoogle Scholar
Derman, E. (2016) My Life as a Quant: Reflections on Physics and Finance. New York: John Wiley & Sons.Google Scholar
Derman, E. (2023) A stylized history of volatility. SSRN papers. Available at: <http://dx.doi.org/10.2139/ssrn.4297590/>.CrossRef.>Google Scholar
Derman, E. and Miller, M.B. (2016) The Volatility Smile. New York: John Wiley & Sons.CrossRefGoogle Scholar
Deleuze, G. (1985) Cinema 2: The Time Image. London: Athlone.10.5040/9781350251991CrossRefGoogle Scholar
Deleuze, G. (2003) Francis Bacon: The Logic of Sensation. Minneapolis: University of Minnesota Press.Google Scholar
Deleuze, G. and Guattari, F. (1988) A Thousand Plateaus: Capitalism and Schizophrenia. London: Athlone.Google Scholar
Gustin, M. (1996) The connection of Merce Cunningham and John Cage Chance. Austin Chronicle, 26 January. Available at: <https://www.austinchronicle.com/arts/1996-01-26/530489/>. Accessed 11 April 2023..+Accessed+11+April+2023.>Google Scholar
Jakobson, R. (1987) Linguistics and poetics. In: Pomoska, K. and Rudy, S. (eds.) Language in Literature. Cambridge, MA: Harvard University Press, 6294.Google Scholar
Jakobson, R. (1990) Two aspects of language and two types of aphasic disturbances. In: Waugh, L. and Monville-Burston, M. (eds.) On Language. Cambridge, MA: Harvard University Press, 115–33.Google Scholar
Kahneman, D. (2011) Thinking, Fast and Slow. New York: Penguin.Google Scholar
Keynes, J.M. (1936) The General Theory of Employment, Interest and Money. London: Macmillan & Co.Google Scholar
Martin, R. (2010) Toward a decentered social kinesthetic. Dance Research Journal, 42(1): 7780.CrossRefGoogle Scholar
Martin, R. (2015) Knowledge LTD: Toward a Social Logic of the Derivative. Philadelphia, PA: Temple University Press.Google Scholar
Sapir, E. (1921) Language: An Introduction to the Study of Speech. New York: Harcourt, Brace & World.Google Scholar
Wilmott, P. (2009) Frequently Asked Questions in Finance. Chichester: John Wiley & Sons.Google Scholar
Zaloom, C. (2006) Out of the Pits Traders and Technology from Chicago to London. Chicago, IL: University of Chicago Press.Google Scholar