Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model.
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.
Emerson stands apart from the other poets and essayists of New England, and of English literature generally, as of another order. He is a reversion to an earlier type, the type of the bard, the skald, the poet-seer.