“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.Quote by John HullTopics: Quotes about John HullShare on:FacebookPinterestWhatsApp
Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as...#John Hull
One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is...#John Hull
