We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners.
More Quotes from John Hull:
In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.John Hull
I didn't become interested in derivatives until 1982, 1983.
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.
John Hull
Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way.
John Hull
Our research led on to other things, such as the fact that exchange rates are not lognormally distributed.
John Hull
Alan White and I have not as yet written anything on VAR but we have done a number of consulting projects in this area and expect to do more.
John Hull
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Based on Keywords: conferences, derivatives, practitioner, practitioners, presentations, stimulatedAn arrow may fly through the air and leave no trace; but an ill thought leaves a trail like a serpent.
Charles Mackay
I had too much respect for the game to leave it behind or to make it my second or third sport in college.
Ryne Sandberg
I was not depressed when they got me out. I have always taken my dismissals as part of the game.
Frank Woolley