"Baseball is this intense subculture that actually doesn't speak very much for the larger culture."
"Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions."
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Source: Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.128, W. W. Norton & Company
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