The Black-Scholes formula is the beginning of derivative betting and hedging. This documentary explores trading and the model for all its benefits and failures.
[youtube://http://www.youtube.com/watch?v=Jjp8yuEBjxs 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
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I read a good book last month that pointed out the Black-Scholes formula was one of the underlying causes of just about every financial crash since it was published.
Well done guys.