Hull and White

John Hull and Alan White are both Professors of Finance. Both are international figures in the area of financial engineering. John Hull and Alan White developed the Hull-White Interest Rate Model and associated numerical lattice procedures. Their ground breaking research particularly in Fixed Income and Derivatives has been transformative. John Hull's text book Options, Futures and other Derivatives is heavily relied upon by under-graduate, MBA students and market practitioners. We have focused here on their work relating to Employee Stock Options in the following page but this fails to do justice to their extensive research agenda and global impact. This focus relates to our own research interest in Employee Stock Option. I would like to thank Max Meng for the video below explaining how our work expands on Hull and White (2004). Also, we would recommend Simon Benninga's book Financial Modeling for understanding how to implement in VBA the Hull and White (2004) model.