Word: complexity
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Dates: during 2000-2009
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Traders writing (i.e., selling) put options are, therefore, the insurers. But why should their opinions affect the most (mis)quoted measure of volatility, the VIX? Many justify using options pricing because options traders are supposedly more sophisticated investors; options are considered more complex than their underlying stocks. But these are the same "sophisticated" investors who suffered enormous losses over mortgage-based securities. Can we really trust an index derived from their (mis)pricings...
After spending eight weeks at the University of Cambridge, Rui Wang ’11 has fine-tuned a third ear—one she hopes might someday help explain complex human behaviors like the struggle to quit smoking...
...socio-political events of the late 20th century percolates through the narrative of Yuri Chernishevsky, whose enigmatic past is gradually unmasked, revealing uncanny links to other characters halfway around the world. Yuri is the common thread among three women who form the epicenter of Volpi’s overly complex tale, but its intricacies only flimsily conceal its lack of narrative integrity. While each woman’s personal travails are intertwined with major world events like the fall of the Berlin Wall and the undertaking of the Human Genome Project, nothing except the basic chronology of their situations...
Especially in China, Wang said, traditional medicine is believed to pose potential long-term cures, whereas Western medicine is used to cure sudden symptoms and complex medical issues in need of immediate attention, like surgery...
Construction crews at the Allston Science Complex have dismantled the site’s iconic red cranes and begun to pour ground-level concrete—steps that the University says are part of normal phase one construction, but that some residents say are indicative of a veiled intent to cap the project. The confusion comes half a year after Harvard announced that financial constraints were forcing it to slow construction of the much-anticipated Science Complex, which was intended to house the Harvard Stem Cell Institute and be a hub for interdisciplinary research. At the time, Harvard decided...