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That war has brought with it a truly incredible development of means of destruction and a terrifying prospect of rapid and almost limitless development in that direction. ↗
The HoLee model was the first term structure model. I remember reading their paper soon after it was published and as it was fairly different from many of the other papers that I had read, I had to read it quite a few times. I realized that it was a really important paper. ↗
