"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"
- John C. Hull
About this Quote
In this quote, John C. Hull is discussing his collaboration with Alan White on a monetary model referred to as the stochastic volatility design. This design takes into consideration not just the movement of the hidden property cost, but likewise the volatility of the market, which can be unforeseeable. Hull and White spent numerous years dealing with this design, likely performing research and examining information to establish it. Making use of the term "stochastic" suggests that the design incorporates randomness or possibility, showing that it might be more complex and dynamic than conventional financial designs. In general, this quote highlights the importance of considering volatility in financial modeling and the dedication and effort needed to develop such designs.
This quote is written / told by John C. Hull somewhere between October 31, 1939 and today. He was a famous Professor from USA.
The author also have 18 other quotes.
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"Well, I think any time you delve into this sort of religion, politics, as you well know, you're going to, you know, touch a few nerves. I wasn't - now - and this is the honest truth"
