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How do you explain the Black-Scholes formula?
Well...the way I'd explain it is as "the worst atrocity ever inflicted on the financial world." Which may not be specifically true, but it's not far off. Black-Scholes is a neat schoolhouse formula for determining The Proper Price To Trade Options At. Here's the problem: Black and Scholes assume there's only one risky item in an options transaction, and it's the stock. The money you use to buy it is considered riskless, and you can borrow as much as you want at a low interest rate. There are no transaction fees, and you can sell even a fraction of a share of stock. Unfortunately, none of those things are actually true. Those who believe in Black-Scholes believe you can put hard, scientifically-valid formulas to work to determine the price of something which can't actually be priced out that way, and they've cost people a LOT of money by doing it.
How old Chile?
it is about 200 years old
How old is Paul Volcker?
Paul Volcker is 89 years old (birthdate: September 5, 1927).
How much is 20 million old Turkish lira TRL single banknote in us dollars?
As of January 8,2009, the old 20 million Turkish lira is 12.86 USD There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira.
How old is Robert Herjavec?
Robert Herjavec (of Shark Tank) is 53 years old. He was born on September 14, 1963.
What is Myron Scholes's birthday?
Myron Scholes was born on July 1, 1941.
When was Myron Scholes born?
Myron Scholes was born on July 1, 1941.
What Nobel Prize did Myron S. Scholes win and when was it awarded?
Myron S. Scholes won The Prize in Economic Sciences in 1997.
Why did Myron S. Scholes win The Prize in Economic Sciences in 1997?
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1997 was awarded jointly to Robert C. Merton and Myron S. Scholes for a new method to determine the value of derivatives
What kind of concept is black scholes model?
The Black Scholes model is a financial theory developed in 1973. It is used to determine the fair trading price of stock options. It's creators were Fisher Black, Robert Merton, and Myron Scholes.
Who won The Prize in Economic Sciences in 1997?
Myron S. Scholes won The Prize in Economic Sciences in 1997.
Is Paul scholes 50?
yes paul scholes is 50 years old
How old is Paul Scholes?
UK footballer Paul Scholes is 43 years old (birthdate: November 16, 1974).
How old is Myron Waldman?
Myron Waldman was born on April 23, 1908 and died on February 4, 2006. Myron Waldman would have been 97 years old at the time of death or 107 years old today.
How old was Myron Waldman at death?
Myron Waldman died on February 4, 2006 at the age of 97.
What has the author Margaret K Scholes written?
Margaret K. Scholes has written: 'Samuel Scholes'
What religion is Paul scholes?
Paul Scholes is a christian.
