Black-Scholes
Explaining the Black-Scholes formula's impact, a speaker can only find ominous metaphors for the boom in financial derivatives.
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Free for classrooms, worksheets, slides and other non-commercial use under CC BY-NC 4.0, with credit to Ben Orlin.
Cartoon by Ben Orlin, Math with Bad Drawings. https://cartoons.mathwithbaddrawings.com/2018-07-05-black-scholes/ (CC BY-NC 4.0)Transcript
A: "With the Black-Scholes formula available, complicated new financial assets began to sprout like weeds!" [Board: Black-Scholes call and put formulas with d₁, d₂] B: "That sounds... kinda negative."
A: "Sorry. Catch like wildfire?" B: "Uh..." A: "Spread like a virus?" B: "I sense a grim pattern."