While at AIMS, Calvine discussed the so-called Black-Scholes (fair price) formula for the ”fair price” of a European call option and also the corresponding hedging portfolio within this Black-Scholes model, following a risk-neutral pricing methodology.

After AIMS, Calvine completed a second Masters degree in actuarial science and became a certified insurance agent. He is currently a Tutor Fellow at Tom Mboya University, Kenya. Furthermore, Calvine is currently a PhD student in Actuarial Science at the University of Nairobi, Kenya.