#model

If each of your time steps is one week long, you are not modeling the stock price terribly well over a one-week time period, because you are saying that there are only two possible outcomes. ↗

— John Hull

#each #long #modeling #only #our time

In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options. ↗

— John Hull

#area #black #bond #caps #european

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. ↗

— John Hull

#different #fairly #few #first #had

The problem with interest rates are that you are not modeling a single number, you are modeling a whole term structure, so it is a sort of different type of problem. ↗

— John Hull

#interest #modeling #number #problem #rates

Great men have great discipline.” ― Habeeb Akande ↗

—

#great #greatness #hero #leaders #leadership

Do not quench your inspiration and your imagination; do not become the slave of your model. ↗

— Vincent Van Gogh

#imagination #inspiration #model #quench #slave

The only model to follow is pure Islam. ↗

— Abu Bakar Bashir

#islam #model #only #pure

Women movements would form among the factory workers, a great mobilisation that destroyed the old models. ↗

— Emma Bonino

#destroyed #factory #form #great #models

The purpose of science is not to analyze or describe but to make useful models of the world. A model is useful if it allows us to get use out of it. ↗

— Edward de Bono

#analyze #describe #get #make #model

So that's when I saw the DNA model for the first time, in the Cavendish, and that's when I saw that this was it. And in a flash you just knew that this was very fundamental. ↗

— Sydney Brenner

#first #first time #flash #fundamental #i