Black Scholes Model and its frailty

 

Sharing an interesting article came across on the frailty of Black Scholes model. Rather frailty, its more about how abuse of a complex mathematical theory can lead to disastrous results. Writer has presented this on backdrop of sub-prime mortgage crisis of 2008. Link.

 

Images from Around the World - Pixel By Pixel

Through English Eyes and a Camera or Two

Texas Landscape Photography

Enjoy the Majestic Landscapes of the Lone Star State

Quest for Value

Price is Everything. Price changes Everything

Mollye B Peters | Ms. Sports Marketing

Sports Business & Marketing Strategy

Musings...of a wanderer

Seeking to stimulate debate..

SandyNomics

Markets can never be simplified - Invest for Yourself

A Manager's Workbench

Reflections of a manager on day to day work

Value-Stock-Plus

Informed Investing!

THE UNIDOW POST

posting "insights"

Bangalore Weekend Shoots

Trip reports, painful ruminations and freestyle gossip that is occasionally informative