Unless you are a bond or derivatives trader, the term “convexity” usually just makes you want to say “beat it, nerd”. As if to frustrate us further it has many aliases: “curvature”, “non-linearity”, “gamma”. It turns out, for such a fancy word “convexity” is quite approachable. In this post, we will learn: what it looks … Continue reading Where Does Convexity Come From? →
