Deep learning is increasingly used in financial modeling, but its lack of transparency raises risks. Using the well-known Heston option pricing model as a benchmark, researchers show that global ...

Discover how Hyperbolic Absolute Risk Aversion models risk tolerance, influences investment choices, and simplifies financial ...

Few people understand the rise of quantitative financial techniques, and their limits, as well as Emanuel Derman does. The South African–born scientist earned a Ph.D. in theoretical particle physics ...

The hype around generative AI (GenAI) is undeniable. Tools like ChatGPT have captivated the public imagination, demonstrating an impressive ability to generate human-like text, create content and ...

Nineteen seventy-three was a pivotal year in finance for reasons other than Black, Scholes and Merton’s publications. The Chicago Board Options Exchange opened on 26 April, launching the world’s first ...