Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.
Related quotes
Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way.
Speeeeeech!
does it make difference you speak in front of many people or alone
does it make difference you speech in historic place or in your toilet
does it make difference you are charismatic leader or unknown beggar from streetside
it makes difference you speak to clash conflict or for better world
it makes difference you speech bonded by past or to move forward
it makes difference you depend by fact or just soap service
does it make difference you read from text or speak fluently
does it make difference you speech in busy market or deserted mountain
does it make difference you write words yourself or scrap it from books and paper
it makes difference everybody exitedly listens or sleeps peacefully on their seats
it makes difference you have freedom to speak or prisoned by intimidation
it makes difference it gives effect or just a long boring speech
poem by Maria Sudibyo
Submitted by Poetry Lover
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What is the difference between....?
What is the difference between black and white?
What is the difference between day and night?
What is the difference between love and hate?
What is the difference between a woman and a mate?
The answers seem to be so easy
as the difference between to be free and to be busy.
But! Can you tell me the difference between a lie and a truth?
Can you tell me the difference between old age and youth?
Will you tell me the difference between a grant and a sob?
If you don’t know this difference you can flop.
I would like to know the difference between wrong and right,
I would like to know the difference between a war and a fight.
If you know the answers please, write.
It will be interesting to know your opinion,
And may be I will find it to be brilliant.
Larisa R (Odessa, Ukraine)
poem by Larisa Rzhepishevska
Submitted by Poetry Lover
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Indifference / Alive
I will light the match this mornin' so I won't be alone
Watch as she lies silent for soon that will be gone
Oh I will stand arms outstretched pretend I'm free to roam
I will make my way through one more day in hell
How much difference does it make
How much difference does it make
I will hold the candle till it burns up my arm
Oh I'll keep takin' punches ha-ha until their will grows tired
Oh I will stare the sun down until my eyes go blind
Hey I won't change direction and I won't change my mind
How much difference does it make yea
How much difference does it make how much difference
I'll swallow poison until I grow immune
I will scream my lungs out till it fills this room
How much difference (x2)
How much difference does it make yea
How much difference does it make
song performed by by Pearl Jam
Submitted by Lucian Velea
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There is little difference in people, but that little difference makes a big difference. That little difference is attitude. The big difference is whether it is positive or negative.
quote by Robert Collier
Submitted by Lucian Velea
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There is little difference in people, but that little difference makes a big difference. The little difference is attitude. The big difference is whether it is positive or negative.
quote by W. Clement Stone
Submitted by Lucian Velea
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Should This Make A Difference
Should it make a difference,
To the one accustomed to looking up...
As to who holds their head down?
To stop with a noticing of it...
Giving time to see what has been lost to be found?
Should it make a difference,
That people around talk 'to' each other...
With no eye contact that exists?
Should this make a difference,
To one who has already experienced this?
Should any of this make a difference,
To one who realizes their movements are not restricted...
On a top ten list of prioritized accomplishments,
Sought to do...
Since...
No one is aware of the persistence it takes,
To resist being disrespected with an accepted disregard.
Should this make a difference,
To one who has chosen to gaze at stars...
With dreams and wishes?
No.
The difference that is,
Has been decided and made.
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
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On the theoretical side, I was concerned with stochastic resonance.
quote by Richard Ernst
Submitted by Lucian Velea
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When Youve Got What It Takes
When youve got what it takes
Youve got nothing to hide
Youve got miles of feelings
And acres of pride
Youve got it
Youve really got it
When you know who you are
Then you live what you feel
You give what you can
And its good when youve really got it
And when youve got it
(*) let it out
Let it show
Letem know
Inside youve got it
Let it shine like a fine tomorrow
For when you do
The feeling comes back to you
What a difference it makes
When youve got what it takes
What a difference it makes
When youve got it
When youre sure of your heart
Then you give it away
And love is a promise
You keep every day
You know it
And when you know it
You begin to believe
Youll do more than survive
That the best part of being is being alive
You feel it
And when you feel it
Repeat (*)
When a difference it makes
When youve got what it takes
What a difference it makes
When youve got it
When a difference it makes
When youve got what it takes
What a difference it makes
When youve got it everyday
song performed by by Carpenters
Submitted by Lucian Velea
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If only we could accept that there is no difference between us where human values are concerned. Whatever sex.
quote by Liv Ullman
Submitted by Lucian Velea
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As far as I'm concerned we are all God. That's the difference. If you really think another guy is God he doesn't lock you up … Funny about that.
quote by Ram Dass
Submitted by Veronica Serbanoiu
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To Make A Difference!
take your finger from the trigger,
lay down your gun...
you have a chance to make a difference....
make the right choice!
lower your hand, soften your voice,
let go of your anger...
you have a chance to make a difference...
make the right choice!
put down your checkbook, close the register,
do something you really feel....
you have a chance to make a difference....
make the right choice!
throw out your pill bottle and your pipe,
stand up and face life....
you have a chance to make a difference...
make the right choice!
turn off your tv and your computer,
get involved with someone in need....
you have a chance to make a difference....
make the right choice!
lay down your judgements and your pride,
see people as just people....
you have a chance to make a difference....
make the right choice!
poem by Eric Cockrell
Submitted by Poetry Lover
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It Makes No Difference
You made a promise , so did i
Youd never leave me alone
You wake me up in the middle of the night
Take what you what and youre gone
Tell me a reason for what I am
Ill never win this game you play
You wake me up in the middle of a dream
You make it over , thats ok
It takes a million years for us to
Understand it all
All the love you need is why
It makes no difference now
There is no other you
Id rather die without you
Then let you go
My seasons in the sun
So many moments wasted
My love is living for you
And you should know
(break)
You make my world a better place
But I dont see you around , round , round
Could there be others Im replacing
No more love to be found
It takes a million years to make
You understand your heart
Let my love lay where it falls
It makes no difference now
There is no other you
Id rather die without you
Then let you go
My seasons in the sun
So many moments wasted
My love is living for you
And you should know
(break)
It makes no difference now
It makes no difference now
It makes no difference now
It makes no difference now
There is no other you
Id rather die without you
Then let you go
My seasons in the sun
So many moments wasted
My love is living for you
And you should know
(repeat last verse and fade out )
song performed by by Bee Gees
Submitted by Lucian Velea
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What's The Difference
I still feel pain
I still cry
Twenty -four hours
Make a day
What's the difference?
The nights so quiet
I still hear my heart beat
And when I hurt
I still bleed
What's the difference?
Six years I was sober
And the grass is still green
But now I smoke weed
Will it make me normal?
I can't tell
What's the difference?
There will be those
Who don't see it my way
And those who are prisoners
Of themselves
I can't tell
Are they normal, if not
What's the difference
I'm leaving soon
As scared as I came
And given some time
I'll have problems again
But this time around
I know
What the difference is
poem by Matt Mondschein
Submitted by Poetry Lover
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As far as I'm concerned, the only difference between fact and what most people call fiction is about fifteen pages in the dictionary.
quote by Charles de Lint
Submitted by Lucian Velea
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Societies need rules that make no sense for individuals. For example, it makes no difference whether a single car drives on the left or on the right. But it makes all the difference when there are many cars!
quote by Marvin Minsky
Submitted by Lucian Velea
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I am not here concerned with intent, but with scientific standards, especially the ability to tell the difference between a fact, an opinion, a hypothesis, and a hole in the ground.
quote by Serge Lang
Submitted by Lucian Velea
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Would It Make A Difference
Would it make a difference
if we never spoke again
would it make a difference
if I were not your friend
now is the time to tell me
before everything goes
astray
would it make a difference
if golden threads began to
fray
poem by Heather Burns
Submitted by Poetry Lover
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There is a huge difference between journalism and advertising. Journalism aspires to truth. Advertising is regulated for truth. I'll put the accuracy of the average ad in this country up against the average news story any time.
quote by Jef I. Richards
Submitted by Lucian Velea
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I'm trying to have everything that I put into the world be something that makes a difference in the way I want to make a difference.
quote by David Friedman
Submitted by Lucian Velea
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