“Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.Quote by John HullTopics: Quotes about John HullShare on:FacebookPinterestWhatsApp
The real challenge was to model all the interest rates simultaneously, so you could value...#John Hull
One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is...#John Hull
