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Black-Scholes

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October 19, 2010

Justin Fox asks, "Why didn't people in finance pay attention to Benoit Mandelbrot?" -- and it's a great question. His conclusion: I think it’s mainly that he didn’t provide them a handy alternative to Black-Scholes. I can’t pretend to fully understand the practical implications of his fractal view of markets, but it does seem more [...]

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Interviewing Myron Scholes

May 16, 2009

Speaking of LTCM (and of this Sunday's Times Magazine, for that matter), here's an interview that's going to run with Myron Scholes, who comes off like a bad comedian. The questions are poor and the answers arguably worse. Let's take a look, shall we? The second question: "You're known as the intellectual father of the [...]

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The burger's good, too

February 20, 2008

Tonight after squash I started to cook dinner, but after setting off the smoke alarm for what I must confess was the second time since I moved here, I headed over to Harry's Steakhouse/Cafe (I'm not sure which one I go to. I think it's the cafe. Whichever one is downstairs.). After a late match, [...]

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