Inside Volatility Arbitrage 
Subtitle: The Secrets of Skewness
Publisher: Wiley
Published: September 14, 2005
Language: eng
Number of pages: 272
ISBN-13: 9780471733874
First sentence: It is widely accepted today that an assumption of a constant volatility fails to explain the existence of the volatility smile as well as the leptokurtic character (fat tails) of the stock distribution.