3. See Patrick S. Hagan, “Convexity Conundrums: Pricing CMS Swaps, Caps and Floors,” Wilmott Magazine (March 2003), pp. 38–44; Patrick S. Hagan, Deep Kumar, Andrew S. Lesniewski, and Diana E. Woodwar, “Managing Smile Risk,” Wilmott Magazine (Autumn 2002), pp. 84–108, and; Patrick S. Hagan, Andrew S. Lesniewski, and Diana E. and Woodward, “Probability Distribution in the SABR Model of Stochastic Volatility,” Working Paper, 2004.
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