Emanuel Derman (finance)

Emanuel Derman is a prominent figure in finance known for his work in quantitative finance, which applies mathematical models to understand and predict financial markets. He is a former physicist who transitioned to finance, and he played a key role in developing pricing models for derivatives, which are financial contracts whose value depends on other assets. Derman has also contributed to financial education and is a professor at Columbia University. His insights help investors and institutions better manage risk and make informed decisions in complex markets.