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 (15[1])costs. The (*) American type of these things can be exercised at any time, (10[1])in contrast to the European type of these things, (10[1])whose price can be calculated using the Black-Scholes formula. For 10 points, name these derivatives whose main varieties are called puts and calls and give the holder the sell and purchase rights for an underlying asset. ■END■

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
Dwight SolanoTAMUHCC7915
Andrew Volneytag magnet: taylor's versionTexas C9210
Kevin LiuTexas BTexas A10110

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