John Hull

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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.

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Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model.

My father was unemployed and I was the eldest of seven children. We were very poor. And when you ask how did we support ourselves, the only funding that we had was unemployment payments.

May 3, 2024

My father was unemployed and I was the eldest of seven children. We were very poor. And when you ask how did we support ourselves, the only funding that we had was unemployment payments.

May 3, 2024

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 Hull

Other Quote

Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model.

My father was unemployed and I was the eldest of seven children. We were very poor. And when you ask how did we support ourselves, the only funding that we had was unemployment payments.

My father was unemployed and I was the eldest of seven children. We were very poor. And when you ask how did we support ourselves, the only funding that we had was unemployment payments.

Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model.

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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.

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