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Month: July 2008

Paul's Blog

Science in Finance X: Dynamic hedging and further defence of Black-Scholes

23 July 2008 Paul Comments Off on Science in Finance X: Dynamic hedging and further defence of Black-Scholes

I continue to find myself in the middle of the argument over validity of Black-Scholes. On one side are those who we might call “the risk neutrals.” Those heavily invested in the concepts of complete […]

Paul's Blog

Rule #1 of quant finance seems to be ‘Make this as difficult as we can’

2 July 2008 Paul Comments Off on Rule #1 of quant finance seems to be ‘Make this as difficult as we can’

I got a great response to my maths sweet spot blog. Great in the sense of numbers of people writing to me and great in the sense that every single one of them agreed with […]

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