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Our tree is actually a tree of the short-term interest rate. The average direction in which the sho
Our tree is actually a tree of the short-term interest rate. The average direction in which the sho
Our tree is actually a tree of the short-term interest rate. The average direction in which the sho
Our tree is actually a tree of the short-term interest rate. The average direction in which the sho
Our tree is actually a tree of the short-term interest rate. The average direction in which the sho
Our tree is actually a tree of the short-term interest rate. The average direction in which the sho
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John Hull:
The HoLee model was the first term structure model. I remember reading their paper soon after it waJohn Hull:
The problem with interest rates are that you are not modeling a single number, you are modeling a wJohn Hull:
The real challenge was to model all the interest rates simultaneously, so you could value somethingJohn Hull:
There are challenges in terms of the measurement of VAR for what are known as nonlinear derivativesJohn Hull:
We concluded that you cannot rely on delta hedging alone. It sounds simplistic to say that now, butJohn Hull:
We started giving presentations at practitioner conferences in 1986, and since then all of our deriJohn Hull:
When interest rates are high you want the average direction in which interest rates are moving to bJohn Hull:
Yes, our tree has an interesting shape. The center branches reflect the shape of the zero curve. WhMarianne Williamson:
In 'Healing the Soul of America,' I wrote about Gandhi's notion of soul force in politics and why iSteven Seagal:
Most of the kids that I meet in the street are serious hardened criminals that I meet in the street