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The banks went down because of structured products, not exchange-traded options. Not all derivatives are created equal.
by Rod 18y ago
The banks went down because of structured products, not exchange-traded options. Not all derivatives are created equal.
- lutorm 18y agoThis time. I seem to think those black-scholes models, or whatever they are called, have been blamed for other "incidents" (ref Taleb and the Black Swan here).