top of page
.png){kind=small}
"Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned."
Standard
Customized
Exlpore more Difference quotes
"That was always the difference between Muhammad Ali and the rest of us. He came, he saw, and if he didn't entirely conquer - he came as close as anybody we are likely to see in the lifetime of this doomed generation."
"There is a great deal of difference between an eager man who wants to read a book and the tired man who wants a book to read."
"They hate you not because of what you have done but because of who you are; you are different from who they are, and you are occupying the ground they want for themselves."
"The difference between our decadence and the Russians' is that while theirs is brutal, ours is apathetic."
"The difference between Socrates and Jesus? The great conscious and the immeasurably great unconscious."
"In some ways, we will always be different. In other ways, we will always be the same. There is always room to disagree and blame, just as there is always room to take a new perspective and empathize. Understanding is a choice."
"There is only one difference between a madman and me. I am not mad."
"A difference of taste in jokes is a great strain on the affections."
"What difference does it make how much you have? What you do not have amounts to much more."
"Our differences are the real treasures."
Explore more quotes by John Hull
"The problem with interest rates are that you are not modeling a single number, you are modeling a whole term structure, so it is a sort of different type of problem."
"The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well."
"Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward."
"In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options."
"We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."
"Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model."
"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."
"When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward."
bottom of page