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fat tails

Markets

The Disruption Of The Highly Improbable

Download PDF Introduction  Once again, we are approaching the end of the year, but this time, perhaps more than ever, the takeaways to bring home look exceptionally valuable: living in a world full of uncertainty due to the spread of COVID-19 pandemic represents indeed an increasingly demanding challenge for market Read more…

By BSIC, 5 years6 December 2020 ago
Currencies Equity Indices Markets Old Articles Quantitative Finance

Volatility Shapes

The famous Black-Scholes model is a mathematical model used for pricing financial derivatives. It is particularly useful because it offers an explicit formula for the value of a European option in terms of time to expiry of the contract T, risk-free interest rate r, strike price of the option K, Read more…

By BSIC, 9 years6 November 2016 ago

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