Our research led on to other things, such as the fact that exchange rates are not lognormally distributed. Download Download Share on Facebook Share on Twitter Rotate quotes distribute exchange fact
The HoLee model was the first term structure model. I remember reading their paper soon after it was published and as it was fairly different from many of the other papers that I had read, I had to read it quite a few times. I realized that it was a really important paper. John Hull fairlyholeeimportant share on social
The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well. John Hull challengedependinterest Change image and share on social
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 areablackbond share on social
Stacey Napp understands the ugly side of divorce - which is often the side that involves money. In fact, she understands it so well that in 2008 she started a business, Balance Point Divorce Funding, which invests in divorce and probate litigation, helping clients cover costs in exchange for a share of the winnings. Katie Hafner balancebusinessclient share on social
I know this world is ruled by infinite intelligence. Everything that surrounds us- everything that exists - proves that there are infinite laws behind it. There can be no denying this fact. It is mathematical in its precision. Thomas A. Edison denyexistfact share on social
GIS is being influenced by and integrating with all kinds of new innovations such as faster computing, big data, the cloud, smart devices, and distributed processing. Jack Dangermond bigcloudcompute Change image and share on social