|
PureBytes Links
Trading Reference Links
|
From: "Abhijit Dey" <omegalist@xxxxxxxxxx>
Date: Wed, 31 Mar 2004 15:43:27 -0600
BS is just fine.
Abhijit
BS is based on an unreal model. Egar Peters has written about a much
more realistic model. Many others have pointed out the near-term and
long term areas where market prices regularly diverge from BS. Within
this mailing list there are clearly people with far different time
horizons, who view the result of a BS calculation equally differently.
Richard Feynman (who got a real Nobel Prize and not a fake one) used
to say something along these lines:
"If it disagrees with experiment, it's wrong. It doesn't matter how
many Nobel prizes have been won."
|