Introduction to Financial Engineering: Emanuel Derman Laughs in the Dark

Emanuel Derman, author of the excellent My Life as a Quant, is putting the lecture notes from his Columbia Master's in Financial Engineering course up on the web:

Laughter in the Dark: An Introduction to the Volatility Smile: These are unpublished lecture notes from the Master's in Financial Engineering Program at Columbia University. I have used many published papers and books to improve (I hope) the pedagogic nature of these notes, and perhaps not referenced them properly. Since they are in rough form, I will be pleased to correct any errors or omissions. I'll add new lectures as the semester progresses.

• Lecture 1: The Principles of Valuation
• Lecture 2: Dynamic Replication: Myths and Realities of Options Pricing
• Lecture 3: The Smile: Constraints and Problems

Comments

[Walt]

I tried accessing these, and the PDF asks for a password. I have a somewhat idiosyncratic setup (evince on Linux), so it could be a software problem on my end. Did this happen to anyone else?

[mg]

Same problem here (Evince/Linux), lectures 2 and 3 are password protected, 1 and 4 are not.

[Walt]

I tried on Windows using Acrobat, and they are not password protected. I guess it's a bug in Evince.

[Psycho]

Can't get 3 or 4 in Acrobat either.