Results are strongly influenced by market direction something that the Black–Scholes option pricing model ignores. It predicts the future based on a normal distribution. Since we can’t predict the future I suppose it was their only choice.
I’ve started coding a new version of the Call Option Selector to fix some of the problems with the old one and I’m running into the same problems that Black, Scholes, and Merton had. I’m off to see if the Greeks are of any help.
The Captain
I don’t see how that helps your argument. If they were unemployed and not working, would the job have been done any better?
If they were unsupervised, then perhaps a supervisor needs to be hired?
Not seeing how having less people employed helps gets this job done any better. You seem to be assuming that if enough people are unemployed that 1) your company (over all the other construction companies) will be able to pick better workers but also 2) that your company would even continue to exist during a recession.