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
"The difference between literature and journalism is that journalism is unreadable and literature is not read."
"You speak of Lord Byron and me; there is this great difference between us. He describes what he sees I describe what I imagine. Mine is the hardest task."
"Rearranging furniture, adding some candles, or making even small tweaks can really make the difference."
"The value of an item - in the mind of a consumer - is simply the difference between the anticipated price and the price on the tag."
"I had to tell about my colonic, which expresses the fact why I'm so neat today as opposed to a few years ago. I never knew that the weight made that much difference."
"The difference between Socrates and Jesus? The great conscious and the immeasurably great unconscious."
"I recently reread an article of mine written in 1964, and I think it is still valid. There is not much difference. Many of the items on the agenda 37 years ago are still there."
"Colour does not make so much difference. Look at the Bach Chaconne: There is not one dynamic mark in the whole Bach Chaconne. Colours do not make so much difference."
"There is only one difference between a madman and me. I am not mad."
"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."
Explore more quotes by John Hull
"Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model."
"The HoLee model was the first term structure model. I remember reading their paper soon after it was published and as it was fairly different from many of the other papers that I had read, I had to read it quite a few times. I realized that it was a really important paper."
"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."
"We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."
"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."
"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."
"If each of your time steps is one week long, you are not modeling the stock price terribly well over a one-week time period, because you are saying that there are only two possible outcomes."
"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