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Re:The Black-Scholes formula, explained (2019) by jevgeni on Sunday April 11, 2021 @05:53PM (#26773805)
“Expensive” (at least for market makers) means you have to maintain a staff of quants whose job is to essentially create a curtain of rigor and hide the fact that traders usually rely on a bunch of simpler models to judge the broad dynamics and their gut for actual business decisions.

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