<t>Hi, I hope you can offer me some advice/constructive criticism. I have been considering adding a postgrad degree to my CV, studying part-time, but have an aversion to going down the "taught Masters" route. The obvious thing to go for would be a Ph.D., but I'd like some tangible payoff (in the for...

I hope your questions stand suitably answered Well done to anyone who avoided Bear.

Quotewhy? can you please be more specific? (or send me a pm, please) ThanksPM sent. Anyone else who wants it, PM me.

QuoteThe only problem is that you are the only one to blame if you blow it.And that's the nub of the matter! Payoff profile for an institutional trader: min(F(profit), zero). Payoff for a private trader: min(profit,loss).

I wouldn't touch Bear Stearns with a barge pole, irrespective of current market rumour. Go to Calyon, do your two years underpaid in France, then move to the UK and get your big uptick.

<t>Firstly, sorry you've not yet had any responses to your questions.I don't have any direct answers for you, only a few general thoughts. All of this is my opinion only, based on nearly 10 years of trying to decide whether I would want/could handle/could stand being a trader.I did used to work with...

<r>Congratulations on your interview.This book might be helpful: <AMAZON id="0970055250" tld="uk" url="http://www.amazon.co.uk/Heard-Street-Quantitative-Questions-Interviews/dp/0970055250/ref=pd_bbs_sr_1/203-9537655-0550307?ie=UTF8&s=books&qid=1185438627&sr=8-1Good"><URL url="http://www....

Hmmm, easy to do in C++ or a similar language, but I don't know about VBA. Can you assign an array member to be a pointer to another array? I suspect not. The n x 21 might be your only choice, sadly

You should get your data into a proper database anyway, rather than sucking it out of Excel. MSDE is a free version of SQL Server 2000, with virtually all of the functionality. mike

Also, in the code on page 95, I assume that the lineS(j) = u * S(j-1)should actually be j+1, since j-1 in a loop from n down to zero won't work very well.

There's an error in that correction to the errata, as well. It should be -1, not -4.

Only thing being, they're not in the errata, are they? Or was that post an erratum addendum to the errata? Thanks again, I can carry on digging through the book and writing some binomial code for myself. mike

PaulThanks, that clears that up. What is slightly odd is that those equations are most definitely not in my edition of "Paul Wilmott Introduces Quantitative Finance". Instead I've just got two second order approximations, with a corresponding p.mike

Many thanks!The P.94 errors have cleared a couple of things up, although I'm still confused by the leap from to the exponential form.