CPD Events

Neither God nor Machine: Man's model

08 Feb 2022

About the event

Recent propositions in derivative pricing and stochastic volatility modelling suggest that truth exists below the surface of derivative and asset prices; truth as seen from God's point of view; and that this final truth is the rough volatility model. By contrast; the market models approach (e.g. Bergomi) finds no place for such underlying truth; or underlying stochastic process; and believes only in surface models; where derivatives are the underliers and their price is the only fact; produced solely by the machinic; autonomous and anonymous logic of the market. We attempt to strike the right balance between these two extremes.

CPD Provider

Fitch Learning

Fitch Learning

Fitch Learning

Part of the Fitch Group, Fitch Learning partners with clients to enhance knowledge, skills and conduct. With centers in London, New York, Chicago, Singapore, Dubai and Hong Kong, we are committed to questioning and understanding client needs across the globe and on the ground locally. Our people advise and build learning solutions to accelerate the achievements of the individual and the company, across the entire employee lifestyle. Our courses cover a wide range of financial topics across ten sectors: • Corporate Credit Analysis • Bank Analysis • Insurance Company Analysis • Corporate Finance • Risk Management in Financial Institutions • Structured Finance & Securitization • Non-Bank Financial Institutions • Modeling & Excel • Capital Markets & Investment • Professional Skills Fitch Learning also offers customized, in-house training to meet your specific requirements. We work with our clients to define your needs and work in partnership with you to deliver truly blended, innovative solutions. Our extensive expertise and global teams mean that we can deliver across a range of industries and subject matter.

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