November 18, 2008
Speaker: Tom Carter
Title: The Fatal Shore:
Black-Scholes and High Finance
Abstract: This talk will
include a derivation/analysis of the Black-Scholes options pricing
model. I will also discuss some concerns about the model,
potential consequences of the use of such models, and some of the
relevance of such models in the current "financial crisis." We
seem to have run aground on some "dark shoals" near the shores of high
finance . . .