Given the magnitude of currency speculation and sports gambling, it is surprising that the literature contains mostly …

-- Data and Programs -- Chapter 1 The Volatility Problem -- Introduction -- The Stock Market -- The Stock Price Process … -- Historic Volatility -- The Derivatives Market -- The Black-Scholes Approach -- The Cox Ross Rubinstein Approach -- Jump … Diffusion and Level-Dependent Volatility -- Jump Diffusion -- Level-Dependent Volatility -- Local Volatility -- The Dupire …