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 . . .