The Volatility Smile: An Introduction for Students and Practitioners by Michael B. Miller, Emanuel Derman

Wiley Finance

The Volatility Smile: An Introduction for Students and Practitioners

Michael B. Miller, Emanuel Derman

528 pages hardcover

1 edition

nonfiction business economics mathematics challenging informative medium-paced
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The Volatility Smile The Black-Scholes-Merton option model was the greatest innovation of 20th century finance, and remains the most widely applied theory in all of finance. Despite this success, the model is fundamentally at odds with the observe...

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