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To: Prognosticator who wrote (38307)	11/28/2000 12:14:17 AM
From: Charles Tutt	Read Replies (1) of 64865

Formal derivatives are generally easier than formal integrals, but in numerical computations it's a heck of a lot easier to calculate an integral within appropriate error bounds than it is to calculate a derivative, because the derivative calculation is inherently unstable. Maybe financial derivatives are also inherently unstable? I thought hedges were something pigs hide in. I do agree it sounds bad. <g> Charles Tutt (TM)

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