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 4 assumptions about the market, including (15[1])no arbitrage and no (15[1])transaction costs. The (*) American type of these things can be exercised at any time, (-5[1])in contrast (10[1])to the European type of these things, whose price can be calculated using the Black-Scholes formula. For 10 points, name these derivatives whose main varieties are called puts and calls (10[1])that give the holder the sell and purchase rights for an underlying asset. ■END■ (0[1])

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

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Buzzes

PlayerTeamOpponentBuzz PositionValue
Aden SunChicago AIllinois A7415
David NickelPurdue BChicago B7815
Yash MandaviaIllinois BNotre Dame B92-5
Zach JosephNotre Dame AIndiana9410
Alan WuVanderbiltPurdue A12410
Christopher JosephNotre Dame BIllinois B1380

Summary

2023 ARCADIA at UC BerkeleyPremiereY2100%50%50%109.00
2023 ARCADIA at Carleton UniversityPremiereY333%0%33%87.00
2023 ARCADIA at Claremont CollegesPremiereY1100%100%0%44.00
2023 ARCADIA at IndianaPremiereY580%40%20%92.50
2023 ARCADIA at RITPremiereY2100%50%0%73.50
2023 ARCADIA at WUSTLPremiereY367%33%67%97.00