#nonlinear

There are challenges in terms of the measurement of VAR for what are known as nonlinear derivatives, where things like gamma and vega are important dimensions of the risk. ↗

— John Hull

#derivatives #dimensions #gamma #important #known

Human history is highly nonlinear and unpredictable. ↗

— Michael Shermer

#history #human #human history #nonlinear #unpredictable

People take the longest possible paths, digress to numerous dead ends, and make all kinds of mistakes. Then historians come along and write summaries of this messy, nonlinear process and make it appear like a simple, straight line. ↗

— Dean Kamen

#appear #come #dead #ends #historians

Of course the word chaos is used in rather a vague sense by a lot of writers, but in physics it means a particular phenomenon, namely that in a nonlinear system the outcome is often indefinitely, arbitrarily sensitive to tiny changes in the initial condition. ↗

— Murray Gell-Mann

#changes #chaos #condition #course #indefinitely