Eine große glückliche Familie
Schon seit zwei Jahrzehnten ist es eine beachtliche Herausforderung, mit der schnellen Entwicklung der Optionspreismodelle Schritt zu halten. In einer aktualisierten Version seines ursprünglich 1991 erschienenen Artikels bringt Charles Smithson die laufende Entwicklung dieser Modelle auf den neuesten Stand
Im Zuge meiner
Arbeit bei einer Dealer-Bank Anfang der 90er-Jahre erhielt ich die Aufgabe, die verschiedenen dort verwendeten Optionspreismodelle zu prüfen und der Unternehmensleitung über deren Angemessenheit zu berichten. Die Berichterstattung war schwierig, denn schließlich konnte ich nicht einfach sagen: "Vertrauen Sie mir", sondern musste überlegen, wie ich meinen technisch nicht versierten Auftraggebern meine Schlussfolgerungen darlegen könnte. Als mir klar wurde, dass schließlich mehr oder
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