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Perhaps my answer was not quite what you were looking. In any case, you can read more about barrier shift here. Page 58 of the book.

If you are looking for hedging of barrier options you might want to look into barrier shifts for smoother profile near barrier.

It just amazes me how easily (thanks to a very small group of people) the thread can be thrown off-topic. I believe great managers prevent that very effectively and hence are paid millions :).

1. You work on wall street (at least according to you) and you are taking it seriously enough to spend your valuable time whining about it. 2. All rankings are heuristic. The methodology is given and rankings are given. A right mind would make a decision for himself if he wants to believe in the...

And getting a job which pays you 200K+ gives you that free time. Correct?

I am sure "RD" was not one of them ;)

Please don't jinx it :P

Ha ha, this was funny :) Cleverbot ends the conversation with a shot at you ;)

I was out of town on Saturday and hence asked for Sunday or Monday :D I hope Federer does not play on Saturday :D

Andy, are you planning to buy group tickets? Anyone else interested in going on 4th or 5th?

free courts, convenient location ? ;)

I am in for badminton too :) Level: Beginner (was trying too hard to write Intermediate, but then I thought, "who am I kidding") :P

I would request the moderator to close the thread because of highly polarizing and anti-secular comments posted on this thread defying the entire purpose of this thread (according to me). Comment is not addressed to any particular person commenting on the thread (though could have been targeted...

I am in. Level: Beginner I hope it is not very far away.

Jersey Shore? ;)

Deleted my original message. Realized that did not want to get into this discussion again.

I believe its around 70%. I suggest you to take it, you are not going to do any better by not taking it.

Because the forum is called "Quantnet" where I would expect people talking about stochastic calculus, HFT, Inflation, new pricing models etc?

Dude you have serious issues comparing things. Do you have any idea how the above mentioned companies are different? What products they sell, what is the business model, how much money is spent on R&D and how much needs to be spent, what makes them survive in the market they are in...list is...

You definitely need to learn some management/communication skills (perhaps from some IIM). Your way is not really convincing anybody. Also, couple of your previous posts (after post 54) made me wonder... Why am I replying to this thread? Officially resigning from the thread (does not warrant...

@ rishabh's all posts What are you trying to prove? That there is a lot of corruption in India? Agreed. Are you a part of it? Yes, because you bribed and you were dumb enough to get ripped off even on that. What countries are you trying to compare? US? Germany? Again that is totally illogical...

No offense intended. I believed that Quantnet talked about Finance/quant related stuff. I believe we are moving away from that ideology as I see more posts directed towards specific person/group of people, selling stuff, finding roommates, threads filled with people debating not very...

Living in NJ is manageable (Newport/JSQ/Grove Street/Hoboken). Stay close to the station that saves a lot of time. You would get all the basic necessities and everything is at walking distance too (5-10mins). Train ride to nearest path station (23rd and 6th; Its a 7-10 min walk to school from...

I am not sure if this was mentioned but a "disagree" or "dislike" button would compliment the "like" button

Happy Birthday Stefan :)

Search here BooksPrice - Book Price Comparison - Compare Book Textbook Prices Good simple layout to search. p.s. Thanks Sanket.

Whats the catch? :)

I would give Town a 5-6/10.

What is the context of the term? Any reference?

First goal against England and the Germans exactly followed the plan :) It was amazing :D

HAPPY BIRTHDAY GUYS!!!!! :band: :birthday::partyman::cheers:

Happy Birthday Vadim :dance:

Just to mention how social networking websites have changed our lives. I read a status update on "FACEBOOK" referring "TWITTER" with a new face to age old maxim "Those whose house is made up of glass should not even tweet about stones" :)

Let me google that for you This might help.

A wise man once told me to correctly spell names when writing to them. Making spelling mistakes gives an impression that you are not important enough for the writer. I would like to pass on that to you especially when you are hoping they would give you money to study at their place. p.s. No...

http://news.bbc.co.uk/2/hi/technology/8605055.stm

Money!! I read somewhere that last year they had cash problems. Not that they were running out of cash but that they had too much of money and did not know what to do about it and were sponsoring every project that was brought to them. I don't think for few hundred million dollars they would...

I fail to understand how humans behave. After China, Australia is asking to censor their results. Why? They had no issues for all these years. It is alleged that Toyota has faulty cars. And all of a sudden everybody is charged with the same thing. Honda, GM everybody started recalling their...

Belated Happy Birthday Eugene :)

Reminder: You can register for $99 and not $550

Anybody attending the event?

You can also install a plugin(which is free) for firefox (which is free). How To Access Full Wall Street Journal Online Articles For Free I am sure something will come up for NYTimes too.

Any discounts for quantnet members? :) Student registration fee is $550.

Couldnt stop myself adding one

contrarian-investor-sees-economic-crash-in-china: Personal Finance News from Yahoo! Finance

Happy Birthday Rados :)

With CES kicking off tomorrow and a gamut of 3D devices on display I think the companies are taking all possible steps towards bringing 3D to mainstream media. The only available 3D TV is by SONY costing around $2,500. LG announced that they would unveil something in first half of 2010 and...

Happy Birthday Sanket :)

With no offense to anybody :) A mathematician, an accountant and an economist apply for the same job. The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the...

This might be a naive question. But if the government owns 34% of the stock do they not take part in the decision like "offering new common stock at $3.15"

There is nothing new in it. And pointing out the problems is not a solution. Nothing is perfect but it tries to move towards that is something better. Everything in this world is heuristic. If it was perfect there would be no opportunities. The world keeps on moving because of these disparities.

What about student's preference. For e.g. What if a student always wanted to go in say X position whereas it was always rated below Y. To make it worse 50% of students took X job because they wanted to even if they were well qualified for position Y. So here no one has failed and it was the...

Does anybody have any of the following calculator and are going to be in quantlab today (Friday, 11/20) and ofcourse willing to lend it for one day :) Hewlett Packard 12C (including the HP 12C Platinum) Hewlett Packard 10B II and 20B Texas Instruments BA II Plus (including the BA II Plus...

Thank you everybody for your wishes :)

I am not sure but things that come to my mind are: How quickly you can establish a connection? How many bits are you transferring to carry out a trade, so this would bring in things like encoding. Multithreading would certainly improve the throughput but if its a serial process its difficult...

It has not paid me back anything (at least till now).

Bump Saw it trickling down in the list of latest posts.

Hello Friends, We are planning for an end of semester party. Please cast your vote as to what cuisine would you like to have and also chip in your suggestions.

Happy Birthday Chuan :)

I would go for Numerical Methods.

That is the point. There is no point writing a differential equation, though we might have to apply esoteric technique to solve it, the common man would not know about it. His motto is to scare the audience and writing something with 1000 variables would scare even a 5th grader.

It boils down to the fact that the person would go where he finds better opportunities. If you think that US paid for the doctorate study, the create an opportunity which is more competent than what he could find elsewhere. This way what you are actually doing is paying for a more competent guy...

Since you did not elaborate on that answer. Let me take the freedom of speculating. So in short term you are happy that people come here, create a demand for dollar, spend a lot of money keeping the economy growing. In long term you feel, "why should a foreign national come here and utilize the...

You should be happy if people come here only for the degree. They come here, spend money (good for the economy) and go away. Silver lining: WOO! Less competition for you ^_^.

Just out of curiosity, could you shed some light on your background. Conclusions drawn on sample size of 1. Are you trying to become a quant?

Give GRE Again and get better score in Quant section

1. Why would he want that? From his first post it seems that even he needs a H1. 2. How is it relevant to the topic of the forum?

Enlighten me too. Btw, there is no point of a post that no one understands.

That is an interesting thought. I would be equally interested to know about it. The model would indeed have to be really very robust, as n increases the sample space decreases with a very high rate. My bad, I forgot to mention the source of the article. You can access it here

How do we model Stochastic Correlations? Correlation like volatility can also be stochastic (random) and modelling stochastic correlation is a bit of a challenge. Generally, even in many stochastic volatility models, such as...

I bet they all look spiritual.

Where do you belong?

Reminder for everybody to put atleast 5 trades for the 15 day period.

You are awesome ;)

Good for me ;) I was in any case not going to keep any records. Btw, I lost almost all of my profits i.e. 7K but now due to my exceptional trading strategies :D I am again up 8K.

The count is 8 now.

Count me in. That makes 2 of us. Thanks for the reminder.

Let me TRY to have the fun and satisfaction of digressing the thread from what it was intended to do. Why do all of bbw's posts boil down to criticizing the system, the ugly politics etc etc. I would rather take it as a theorem than a postulate.

Happy Birthday Kevin Happy Birthday Kevin :dance::birthday::band::smt113 ---------- Post added at 12:05 AM ---------- Previous post was at 12:04 AM ---------- I guess as a birthday gift we should make him our fav broker :D

Did you try to read Shreve?

ALAIN FELIZ CUMPLEAOS!!! :)

In India, on a tennis court. When I came back the news was on all TV channels. For the next few days, whenever I saw an airplane flying low, I was scared with the thought that it might hit another building (I was just 14 then). The incident might be one of the reasons why I am hesitant to...

Some pack is reallllly growing big !

Out of the topic (which has already been out of topic) I would like to say that I really miss the thumbs up and thumbs down buttons !

BEWARE !! A wolf might come and attack you !! Did you not read the sign which was kept out of the cage, "Don't use words like wow and great." Well, this way you are never going to reach 800 in quant section.

"Dude", then you are not going to learn it. And I think that is the motive behind those 3500 words. "To have a tool set which helps you better express yourself". In any case, atleast being in a group preparing for GRE and using those words is far better than being around someone posting verbose...

Keep reading and start using them in your colloquial language.

Its a nice place, though I could not find a place where we can do the activities that we usually do, like playing soccer or anything like that. From the photographs it seems that it confines you to your particular table. Though, this is just my view.

Hello Everyone, Link to RSVP Quant Network - Financial Engineering Forum

I believe that this will make the already difficult "pricing" more difficult. Also, I believe that this would create a bias against the poor rated securities. How many hedge funds would be ready to buy the already proven "poor/bad" bonds. This would overvalue or artificially pump up the prices...

I miss the Thanks/Thumbs up button :)

Have you already registered?

Cathy is on vacation. What is my next source of rescue? :)

I could not find the code for capstone. Can anyone help me with that. p.s. Last date for payment of tuition is August 17.

Happy Birthday Doug Happy Birthday Doug !! :dance1::smt034:birthday::band: I wonder about the story behind your facebook's status message :) Were you attacked by a pack of wolves?

So will I have to run regasm on every machine I want to use the dll? The users of my dll are persons who would not be courageous enough to run an exe from windows folder.

I built my dlls in Csharp and in the project properties checked the option for "Register for COM" Interop. I also wrote wrote the register and unregister functions in my dll. When I compile the code and deploy it in the local machine, it works fine i.e. Using Excel Automation, it detects my dll...

You will get zeros only by multiplying 5s and 2s. You have enough number of 2s, what you need to figure out is number of 5s in in 100! which is 24.

With no offense, if the poster can take the trouble of marking it "unsafe" with skull and bones (which is itself a very gaudy) why does he not post only the content that that matters.

I agree on this one !

Multithreading is easy if you think about it naturally. Semaphores are basically locks. If you lock a door (resource = room) you need to open it first to access it. What happens if two persons try to access the room simultaneously. One will have to wait. All the concepts of multithreading are...

Somewhere in Europe to bbb ;) or to I..E..S :D

Is there a way I can use Boost Libraries with C#?

Happy Birthday Mike :) I hope you had a wonderful china trip :)

The government would be delighted to hear that. Anyone working as a spy?

I don't think any of your posts reflect that you feel he was a genius. How about this thing, to quote for people who did not click on that link, the headlines said, "Michael Jackson's Death Was Tragic, But He Was Little More Than an Icon of Mediocrity". I fail to understand your admiration...

Do I see a contradiction here? Or was it just a part of a verbose post? Ohh, by the way would you want these names too to be added to that list? Giovanni Pierluigi da Palestrina, George Frideric Handel, Georg Philipp Telemann, Jean-Philippe Rameau, Francois Couperin, Alessandro Scarlatti...

Are you in a way accepting that he was a musical genius?

He is surely making money for someone.

I really liked the "old" and "new" thread thing. It made the navigation really easy.

That is not true. If you see the students at GTech are equally competitive and they do reject if you are not worth them.

Exactly. But instead of just a link or one line headline, we could post an excerpt from the news. and yes, there could be a "comment" link where a person could post comment, which would not be directly visible on that page. If someone has to read the comments, he would have to click on that...

How about a place where we can post news links. I am not sure how or what would accomplish that but I guess instead of creating a new thread everytime we can have a place to write an excerpt from the news and then post the link for a person who wants to continue reading.

Calculus 1,2 and Linear Algebra.

I guess what he is referring to is "Bhabha Atomic Research Center"

TOEFL is valid for 2 years, so you will have to retake that one too.

Continue Reading

Not long ago, the market feared inflation and the yield on 15 and 30 year bonds started rising. The drop in yield in 15 year bonds from 5.06 to 4.89 and similar behavior in 30 year has shown rather a benign inflation. The market seems to be bipartisan on inflation. What other indicators would...

CONTINUE READING

Can anyone suggest a good book for foreign exchange. A book which starts from basics of foreign exchange. Thanks !

It seems there new search engines are coming thick and fast. CONTINUE READING

Atleast the questions make a person aware of what he knows and what he does not. That is a sign of a true student. While the people who prefer not to shout always remain ignorant. The day you start assuming you know everything and the person next to you knows nothing, you are creating a "PACKAGE...

Here is an interesting article. I wonder how much boost this would give to the car companies. Some gas guzzler owners can share their opinions :) Continue Reading

I figured out one way. Make a normal windows form application and change the project output to class library and build the project again. A dll would be formed. Any other way to do it?

I have a Windows Form application where I have created a form and a control DataGridView. My C Sharp Code recognizes the DataGridView as a object since I inlcuded System.Windows.Forms Now I am creating a .dll and want to pass the DataGridView in the .dll as a "DataGridView" Object. I added...

I am not sure, but are you looking for something like this: "IntercontinentalExchange operates regulated global futures exchanges and over-the-counter (OTC) markets for agricultural, energy, equity index and currency contracts, as well as credit derivatives. ICE® offers these markets to...

I was just informing, I was about to write a disclaimer :) "I am just a messenger :) not the source " :)

If you want we can manage to get you in. Eugene had been up all night making a fake ID he would make one for you too :D

UPDATE Update from GSA " The GSA has rented out Aspen for a one-time special celebration for current grad students. This is a private event. Only current Baruch graduate students with a valid graduate student photo ID card will be allowed in. Unfortunately, we cannot accommodate the...

He could make a fake id with a name of "McLovin"

FREE DRINKS Anyone planning to come here after the stochastic final ? I have heard they are offering free drinks ! "Dear Graduate Students, It is finally here ... the moment you have all been waiting for ... the Graduate Student Assembly End-of-Year Party! The Board of Directors of the GSA...

Cluster Maps One more cool thing that I came across is Cluster Maps. This lets the users know people from which region of the world are accessing the website. The admin always has the feature to see this but providing it to the users shows them the strength of the forum.

Can we embed videos in posts? I would really like to have that feature. Instead of clicking on the links, I think it would be great if I could click a play button :)

How important was it to buy this time? Was paying billions of dollars of taxpayers money to buy few months of time worth it? What would have happened if we would have let GM and chrysler fail then and use that money elsewhere? Give the money to people who lost jobs instead of giving them to...

Chrysler has announced to close nearly 800 dealerships followed by GM's announcement to close around 1100 dealerships. Bankruptcy is inevitable. Where has all the money that they received in bailout gone? Anyone accountable?

What is the deadline to register? Are there any fixed number of seats?

Quantnet and facebook help me keep that dictionary up to date :) And after all it gives you a reason to celebrate :)

Happy Birthday Matt HAPPY BIRTHDAY MATT !!!! :birthday:

Will surely do it after the finals are over. I would certainly not want my code not to work in debug mode too :D

It sounded more reasonable, I tried it but it did not help. Thanks anyways.

HAPPY BIRTHDAY GREG ! :birthday:

I figured out that my copy constructor is having problem. I have two issues now: 1. Why does it work in debug mode and not in release mode? 2. It was working all fine till I changed my code. And then I rolled back and now it is not working Here is my copy constructor; It does not go beyond...

But then it should happen when I do it in both; debug and release; mode. Here I face the problem only in release mode. I know both modes use different areas of heap to allocate memory, but that should not be a problem. While I burn my midnight oil trying to find the bug, suggestions are welcome :D

I tried to be over adventurous and tweaked my code a little bit. Now my project compiles in both release and debug mode while runs only in debug mode. It crashes in release mode. Anybody ever faced a similar problem?:sos:

Happy Birthday Vladimir Happy Birthday Vladimir ! :thumbsup::smt006:smt006:birthday::band:

Happy Birthday Shlomi Happy Birthday Shlomi ! :thumbsup::smt006:smt006:birthday::band:

I guess IPv6 is the answer. Is it not? By the way, this topic reminds me of the fact that Vint Cerf was indeed at my college back in 2004/2005. I feel so great to see him in person. :)

Lets go partying on 20th evening ;)

@Eugene, Are non drinkers also invited ? :)

HAPPY BIRTHDAY !!! :)

Quite true. However, one of my friend took GRE and he got 5 incorrect in Quant section and yet his score was 800. There are some dummy questions too. There are very few who know that you can get a detailed review of your test after you get your AWA scores.

There has already been an issue of writing professionally on the forum. It is not a "gr8" idea to use "..." or "ur". I guess that is a "gr8" advice :)

Happy Birthday Billy :) :smt006:dance1::smt034:birthday::band:

You mean something like differentiating brownian motion which would take ages :)

It took around 24 hours.

I have got the link to take the test. Have not given it yet. Any suggestions what kind of questions should I expect?

Its still $250 for students :) It would be more attractive if the organizers could remove any of those three digits :)

There are groups on orkut. Search for "QCF Gatech" in "Communities"

" Roubini Says Bank Takeovers Deepened Financial Market Crisis By Lynn Thomasson and Thomas R. Keene April 8 (Bloomberg) -- Bank takeovers worsened the financial crisis by making firms that were already too big even bigger, said Nouriel Roubini, the New York University professor who predicted...

Happy Birthday Mose....!!:) Enjoy birthday in Istanbul :)

For everyone who submitted their resume. Your internship is in trouble before it even started :)

Its rather the opposite. And as it is said now, "Sun is like damaged goods"

HAPPY BIRTHDAY RACHIT HAPPY BIRTHDAY !!!!! :band::dance1::birthday::partyman::smt113:smt111

What happens when IBM and Sun Merge http://www.forbes.com/2009/04/03/sun-ibm-merger-technology-enterprise-sun.html

Banks’ Hidden Junk Menaces $1 Trillion Purge March 25 (Bloomberg) -- The U.S. government wants to clear as much as $1 trillion in soured loans and securities from bank balance sheets with its latest bailout plan. That might prove a short-term respite. No sooner might the Treasury...

Interesting video

HAPPY BIRTHDAY ANDY HAPPY BIRTHDAY ANDY !!!!!! \\:D/:thumbsup::dance1::smt006:smt034:band::-({|=:partyman::birthday::cheers::rock: THEEEEEE ANDYYYYYYYYYYYYYYYYYYYYY :)

Happy Birthday Doug Happy Birthday Doug !! :dance::tiphat::band::dance1::partyman::smt006

incidentally, I tried to change my file and macro names back to those were causing the problem and found out that it had no issues now. However here is the code .h file #ifndef BLACKSCHOLES_H #define BLACKSCHOLES_H #include <iostream> using namespace std; class BlackScholes { public...

Everything was fine. After I changed just the two names it worked flawlessly. If I remember it correct it said something like "No such label found" or "Cannot find type: BlackScholesCall " Where BlackScholesCall is inherited from BlackScholes.

There was no other macro with the same name

I downloaded it and checked. I had the same problems

On the left pane, we have the class view, so when you click there you find that the classes are actually not declared.

I was trying to create a class named BlackScholes. I created a .h file "BlackScholes.h" and started the file with #ifndef BLACKSCHOLES_H #define BLACKSCHOLES_H class BlackScholes{ ... ... }; ... ... #endif This did not create the classes as desired. However after 2 hours long of...

Not really a Mathish joke, but I liked this one. "A tourist walked into a pet shop and was looking at the animals on display. While he was there another customer walked in and said to the shopkeeper, ''I'll have that monkey please''. The shopkeeper nodded, went over to a cage at the side of...

Best Luck Guys !! :tiphat:

The link takes to date 02-20-09 whereas on the calender it says that the event is scheduled for 02-21-09 (Saturday)

Just a quick question :) Are you taking everybody drinking tomorrow night after the optimization class ;)

HAPPY BIRTHDAY EUGENE ! HAPPY BIRTHDAY EUGENE ! MAY YOU HAVE MANY FUN DAYS AHEAD :)

Well it does not really matter if the deadline is so late. Rather it gives you an extra flexibility. The process of reviewing an application begins early January and the admission committee starts scheduling interviews. p.s. Everyone of us just finished our finals, so you might not get a...

Merrrrrrrrrrryyyyyyy Christmas and A Happy New Year !!! \\:D/:dance1::smt034:band:

I wonder what is the statistics this year. The threads were blasted with posts. Especially the C++ ones ;)

I am not particularly sure what Hanukkah is, but the choice of the video is indeed interesting :) Happy Hanukkah !

Something interesting for quants or mathematicians.

Yes, a working knowledge of it is sufficient, but more the better :) I was asked about it when I went for interviews, though for software developer jobs back in India. It is of great importance when you have to develop a big project(which you generally do in industry;any) Ideally design part...

You never come across million people in your life time that would be of concern to you. Albeit, by carefully choosing the sample space(which one does in real life) several counter examples could be provided. If that is the case and it was me, I would refrain from making such a generalized...

Perfect places for financial industry to flourish. I like leaders.

Right now, I do not see things hot anywhere. And in this highly correlated world, trying to find such a place is not wise either.

But again Carl, I heard a very reliable source saying, "780 is good but 800 is better" ;)

HAPPY BIRTHDAY RADHA ! HAPPY BIRTHDAY RADHA ! ALTHOUGH A BELATED ONE.... Hope you get all you wish in your life. Have a great year ahead :):dance::band::cheers::smt113:birthday:

What is Matlab ? :) ;)

I do not think that is a very encouraging way to address it. Some things might look interesting when only read. The real world is very different though. If a person thinks there is something going on wrong or not appropriate, do not be a talker, be an action doer. When during elections it is...

1. Why is it more prevalent at some places has many reasons. Geographical location of that place. History of the place Enemies and Allies The philosophy of the country. (Few of the many reasons) India is not one of those countries who would be engaged in wars often. Sometimes...

1. No one is insulated by terrorism today. Gone are the days when India used to complain about terrorism in Kashmir and no one would care about it. Several incidents have shown that even the MOST DEVELOPED countries find it difficult when they have to encounter the enemy with no face called...

Being an Indian could not refrain myself commenting upon it. "This cowardly act is deeply condemned. Its high time India should be acting strong and taking actions against people responsible for it. I would certainly not want a terrorist being caught and kept in prison for 2 years and...

Thanks again friends.... I think Shlomi you missed to attach the pics

Thank you everyone :) It did snow in Jersey :) 8 o clock sharp :)

Give your GRE again and get 800 on quant.