At Economymodels you will find essays, software tools and other information. We have a special emphasis on capital markets, but no matter what part of the economy you are interested in, we believe that the site will help you to better cope with ever changing economic conditions.
The economy is very complex and inherently unpredictable. Five billion people across the world each day make small and big economic decisions that affect the future of the economy. We believe that no simple models will be able to make reliable predictions, even a short term into the future. No single individual has the expertise or knowledge necessary to make a good model of all aspects of the economy. And because of what in chaos theory is known as the butterfly effect, no matter how good a model you have, long term predictions will probably be futile. Read more about our approach to modeling.
The Fat Tail Option Calculator allows you to calculate option prices using more realistic assumptions than those underlying the Black-Scholes model. Download and description.
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