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John Hull

"Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model."

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"Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model."

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Amber Hurdle

"Honestly, I am not trying to discourage anyone from becoming an actress, but if you want to become one be prepared to face everything that comes - along with it."

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Amber Hurdle

"It's like trying to pin down a kangaroo on a trampoline."

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Amber Hurdle

"I checked out all types of tobacco trying to find one that would be easiest to live with, I ended up using pipe tobacco. It burned slower, and it wasn't as harsh on my throat... It also smelled better."

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Amber Hurdle

"I've been in Washington ever since 1981, trying to get out!"

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Amber Hurdle

"I always believed that I could make it or I would never have spent so many years trying to get here."

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Amber Hurdle

"I'm just going to do me; I'm not trying to do the Eminem thing, the D12 thing or the 50 thing."

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Amber Hurdle

"We're not trying to top ourselves with each record, obviously."

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Amber Hurdle

"Most of those melodies are me trying to find out what notes fit, and then hitting ones that don't fit in a very interesting way."

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Amber Hurdle

"I just consider myself a student, trying to learn more about it."

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Amber Hurdle

"They asked me why I was wearing heels, and I said, I'm trying to hide my ass. They gave me a prosthetic behind."

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John Hull
"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."
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John Hull
"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."
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John Hull
"I guess any simple idea that is really good will catch on quickly."
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John Hull
"I think VAR is a very healthy development within the industry."
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John Hull
"Our research led on to other things, such as the fact that exchange rates are not lognormally distributed."
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John Hull
"We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."
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John Hull
"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."
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John Hull
"One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is concerned with extreme outcomes. If the tails of the probability distributions we are using are too thin, our VAR measures are likely to be too low."
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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."
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John Hull
"Yes, our tree has an interesting shape. The center branches reflect the shape of the zero curve. When extreme parts of the tree are reached the branching pattern changes to accommodate the mean reversion."
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