Wednesday, January 30, 2008

This will be important later

by Ken Houghton

Tanta Explains It All to You:
Options theory is applied to mortgages in order to price them as investments. (Strictly speaking, this is a matter of analyzing them so that a price can be determined.) [bold mine; italics hers]

We'll come back to this, and it relates to my previous post on measuring uncertainty, but meanwhile RTWT.

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