I think VAR is a very healthy development within the industry. - "John Hull"

I think VAR is a very healthy development within the industry.
John Hull

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Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model.
- John Hull
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Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
- John Hull