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Jane D. Hull's Quotes

Jane D. Hull profile photo

Born: 1935-08-08
Profession: Politician
Nation: American
Biography of Jane D. Hull

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We improved the environment in which our children live, learn and play by decreasing crime and clamping down on abuse and violence in the home and on the streets.

Tags: Children, Home, Learn

While I have some regrets that this is my last opportunity to deliver a State of the State address, I appreciate and am humbled by the opportunities this great state has given me.

Tags: Great, Last, While

Within minutes of the attack, your Department of Public Safety mobilized its Operations Center, headed by a national expert on weapons of mass destruction.

Tags: National, Public, Within

At the end of the day, the most overwhelming key to a child's success is the positive involvement of parents.

Tags: Parenting, Positive, Success

We're helping those children who cannot help themselves and giving a push to those who can. We've done it by working together for a common purpose. I see no reason to stop now.

Tags: Children, Giving, Help

Arizona faces many challenges ahead. None is more important or more pressing than passing a new state budget.

Tags: Challenges, State

Arizona now has one of the most innovative systems of financing school construction in the nation.

Tags: Innovative, Nation, School

Government cannot be all things to all people.

Tags: Cannot, Government

I also want to thank Arizona citizens for their efforts at conserving energy last summer.

Tags: Energy, Last, Summer

I often say that Arizonans should decide what's best for Arizona.

Tags: Best, Decide, Often

I realized then that the generations may change but the strength of our nation remains solid.

Tags: Change, May, Strength

In twenty years, the Lottery has raised over $1.4 billion. It has been run successfully and efficiently.

Tags: Lottery, Run, Twenty

It is time to maximize and prioritize our health care dollars.

Tags: Care, Health, Time

No other country on earth could have provided such tremendous opportunities and we should never take the privilege of our citizenship for granted.

Tags: Country, Earth, Granted

Right after the tragedy, President Bush asked Americans to get on with their lives and we did.

Tags: After, Lives, President

Safety on our highways has improved significantly, with the help of the Legislature and the media.

Tags: Help, Media, Safety

Today, Arizona's sons and daughters, mothers and fathers are proudly serving their country.

Tags: Country, Mothers, Today

When completed, the budget must provide the services we have promised to our constituents.

Tags: Budget, Promised, Provide

Where else but in America could a schoolteacher from Kansas City end up the governor of her adopted state?

Tags: America, Else, End

Yesterday the flame of the Olympic torch was carried through our great state on its way to Salt Lake City.

Tags: Great, State, Yesterday

Arizona is a national leader in school choice with both charter schools and tuition tax credits giving parents and their children more school choices than ever before.

Tags: Children, Parents, School

Despite Arizona's remarkable growth in recent years, we have met the current federal health standards for ozone pollution and the Environmental Protection Agency recently approved our dust control plan.

Tags: Control, Health, Plan

During the last regular session and the most recent special session, measures that I see as little more than Band-Aids were applied to three health programs in the state.

Tags: Health, Last, Special

I have said it on several occasions, several times from this podium, that providing a quality education for our children is high on my priority list. I will not stop now.

Tags: Children, Education, Said

In a single moment, we witnessed the worst of human behavior. And in the next, the very best of human behavior. And even more, we witnessed the tremendous spirit of Americans.

Tags: Best, Human, Single

The attack and our response show just how vital Arizona's military bases are to the defense of our country. We need to do everything we can to protect them.

Tags: Country, Military, Show
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The Growing Smarter laws now in place compel every community to plan their future growth and allow every citizen the right to be heard when those decisions are made.

Tags: Decisions, Future, Place

We emerged from the events of September 11 more steadfast in our beliefs, more courageous in our actions and more determined to protect our values than ever before.

Tags: Actions, Courageous, Values

I didn't become interested in derivatives until 1982, 1983.

Tags: Become, Interested, Until

I guess any simple idea that is really good will catch on quickly.

Tags: Good, Idea, Simple

I think VAR is a very healthy development within the industry.

Tags: Healthy, Industry, Within

Our research led on to other things, such as the fact that exchange rates are not lognormally distributed.

Tags: Exchange, Fact, Research

Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model.

Tags: Mean, Point, Trying

Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way.

Tags: Three, Together, Working

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.

Tags: Big, Far, Makes

If each of your time steps is one week long, you are not modeling the stock price terribly well over a one-week time period, because you are saying that there are only two possible outcomes.

Tags: Possible, Saying, Time

In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.

Tags: Another, Black, Time

One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is concerned with extreme outcomes. If the tails of the probability distributions we are using are too thin, our VAR measures are likely to be too low.

Tags: Concerned, Fat, Problem

Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.

Tags: Actually, Direction, High

The HoLee model was the first term structure model. I remember reading their paper soon after it was published and as it was fairly different from many of the other papers that I had read, I had to read it quite a few times. I realized that it was a really important paper.

Tags: After, Few, Remember

The problem with interest rates are that you are not modeling a single number, you are modeling a whole term structure, so it is a sort of different type of problem.

Tags: Problem, Single, Whole

The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well.

Tags: Challenge, Real, Value

There are challenges in terms of the measurement of VAR for what are known as nonlinear derivatives, where things like gamma and vega are important dimensions of the risk.

Tags: Challenges, Known, Risk

We concluded that you cannot rely on delta hedging alone. It sounds simplistic to say that now, but back then, this was the sort of thing people were only just beginning to realize.

Tags: Alone, Beginning, Cannot

We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners.

Tags: Giving, Research, Since

When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.

Tags: Direction, High, Moving

Yes, our tree has an interesting shape. The center branches reflect the shape of the zero curve. When extreme parts of the tree are reached the branching pattern changes to accommodate the mean reversion.

Tags: Changes, Mean, Tree
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