From a112613500fc76a237da6cf492955488f4e2ef04 Mon Sep 17 00:00:00 2001 From: Zoey Zheng Date: Wed, 20 May 2026 23:57:40 +1000 Subject: [PATCH 1/2] Fix numbering in European call option list Corrects the ordered list numbering in the European call options section. --- lectures/monte_carlo.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/lectures/monte_carlo.md b/lectures/monte_carlo.md index 9f66c2296..a467c076b 100644 --- a/lectures/monte_carlo.md +++ b/lectures/monte_carlo.md @@ -342,7 +342,7 @@ Now let's price a European call option. The option is described by three things: -2. $n$, the **expiry date**, +1. $n$, the **expiry date**, 2. $K$, the **strike price**, and 3. $S_n$, the price of the **underlying** asset at date $n$. From eff35276f9d2f405181b8a5f34f1ce03d9685490 Mon Sep 17 00:00:00 2001 From: John Stachurski Date: Thu, 28 May 2026 12:39:46 +1000 Subject: [PATCH 2/2] =?UTF-8?q?Fix=20grammar:=20appealing=20to=20=E2=86=92?= =?UTF-8?q?=20appeal=20to?= MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit Per Humphrey's review comment. Co-Authored-By: Claude Opus 4.7 (1M context) --- lectures/monte_carlo.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/lectures/monte_carlo.md b/lectures/monte_carlo.md index a467c076b..4eb65b8a6 100644 --- a/lectures/monte_carlo.md +++ b/lectures/monte_carlo.md @@ -554,7 +554,7 @@ distribution of $S_n$. So to compute the price $P$ of the option, we use Monte Carlo. -We average over realizations $S_n^1, \ldots, S_n^M$ of $S_n$ and appealing to +We average over realizations $S_n^1, \ldots, S_n^M$ of $S_n$ and appeal to the law of large numbers: $$