Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned. ↗
My new house has a deck that wraps around my writing room; my writing room has many windows, and outside the windows I've hung bird feeders... for enticing different species. So I imagine I will be writing about that. ↗
It is just called Continuing Legal Education. You can go to lectures, you can even listen to tapes on airplanes - they want you to stay current. So you do have to stay current to maintain your license even if you are not practicing. ↗