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📜 SIDE QUEST · DEEP DIVE
· ◆◆◆◆ · ~12 min
Why Black–Scholes Works
The idea behind the formula, without the heavy calculus.
"Hedge away the risk, and only the rate is left."
A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.