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Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.
Michael Lewis
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Michael Lewis
Age: 64
Born: 1960
Born: October 15
Author
Journalist
Writer
New Orleans
Louisiana
Michael M. Lewis
Used
Models
Jamie
Made
Streets
Assumptions
Wall
Option
Strange
Leap
Bits
Assumption
Looking
Model
Black
Price
Pricing
Found
Street
Leaps
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