How Long to Read The Volatility Smile

How Long Does it Take to Read The Volatility Smile?

It takes the average reader 9 hours and 4 minutes to read The Volatility Smile by Emanuel Derman

Assuming a reading speed of 250 words per minute. Learn more

Description

The Volatility Smile The Black-Scholes-Merton option model was the greatest innovation of 20th century finance, and remains the most widely applied theory in all of finance. Despite this success, the model is fundamentally at odds with the observed behavior of option markets: a graph of implied volatilities against strike will typically display a curve or skew, which practitioners refer to as the smile, and which the model cannot explain. Option valuation is not a solved problem, and the past forty years have witnessed an abundance of new models that try to reconcile theory with markets. The...

How long is The Volatility Smile?

The Volatility Smile by Emanuel Derman is 528 pages long, and a total of 136,224 words.

This makes it 178% the length of the average book. It also has 166% more words than the average book.

How Long Does it Take to Read The Volatility Smile Aloud?

The average oral reading speed is 183 words per minute. This means it takes 12 hours and 24 minutes to read The Volatility Smile aloud.

What Reading Level is The Volatility Smile?

The Volatility Smile is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Volatility Smile?

The Volatility Smile by Emanuel Derman is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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