Talk:Jump process
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CRR is a Jump Process?!?[edit]
I disagree with the characterization of the CRR model as a Jump process. CRR is merely a discrete-time analog to the continuous time Black-Scholes model. Jump processes involve distributions that are distinctly non-Gaussian, unlike both BS and CRR with deal with Gaussian stock movements and constant volatility. Jump processes are related to stochastic volatiltiy models, not BS and CRR. Am I missing something? Ronnotel 22:23, 18 June 2007 (UTC)