- Over 2 million people have signed up. Join the Revolution.
- Born without a funny bone? Sign up and get a free implant!
- Tell a joke. Did it bomb? Don’t lie. It’s okay…we can help.
- Quick! Sign up now, before anyone finds out!
- Sign Up! Sign Up! Sign Up! Sign Up! Sign Up! Sign Up! Sign Up!
The Problem With Black-Scholes
The following is supposedly a true story.
An economist was about to give a presentation in Washington, DC on the problems with Black-Scholes model of option pricing and was expecting no more than a dozen of government officials attending.
To his amazement, when he arrived, the room was packed with edgy, tough-looking guys in shades.
Still, after five or so minutes into the presentation all of them stood up and left without a word.
The economist found out only later that his secretary ran the presentation through a spell-checker and what was, "The Problem with Black-Scholes" became, "The Problem with Black Schools".

