Question

A 1977 paper by Phelim Boyle pioneered Monte Carlo methods for valuing these things, which are optimal to use when there are multiple sources of uncertainty. William Sharpe proposed a binomial tree model for the price of these things which under the CRR method sets u as “e raised to sigma square root delta t” and d as the inverse of u. A model originally for these things makes four assumptions about the market, including no arbitrage and no transaction costs. The (*) American type of these things can be exercised at any time, in contrast to the European type of these things, whose price can be calculated using the Black-Scholes (-5[1])formula. For 10 points, name these derivatives whose main varieties are called puts and calls (10[1])and give (10[1])the holder the sell and purchase (10[1])rights for an underlying asset. ■END■ (0[2])

ANSWER: options [prompt on puts or calls by asking “that is a type of what derivative?”; reject “securities”]
<JF, Social Science>
= Average correct buzz position

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Buzzes

PlayerTeamOpponentBuzz PositionValue
Danny TranTennesse AGeorgia A109-5
Jeffrey ZhouGeorgia Tech CGeorgia Tech D12410
Quentin MotGeorgia Tech BGeorgia Tech A12610
Aidan LeahyGeorgia ATennesse A13210
Tarun KotiEmory AGeorgia B1380
Jason HawkinsGeorgia BEmory A1380

Summary

2023 ARCADIA at DukeEmory, Duke, YaleY333%0%100%138.00
2023 ARCADIA at EmoryEmory, Duke, YaleY475%0%25%127.33
2023 ARCADIA at ImperialImperialY580%0%60%114.50
2023 ARCADIA at Ohio StateOhio State, TexasY367%33%0%65.50
2023 ARCADIA at TexasOhio State, TexasY3100%33%0%90.67