The Volatility Smile (Wiley Finance) by Michael B. Miller, David Park, Emanuel Derman

The Volatility Smile (Wiley Finance)

Michael B. Miller, David Park, Emanuel Derman

495 pages 2016

1 edition

nonfiction informative slow-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 obser...

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