November 2013
Intermediate to advanced
354 pages
8h 46m
English
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Chapter 4
The Black/Scholes world
Financial engineers have at their disposal a set of mathematical “power tools,” which came into standard use for option pricing in the wake of the seminal papers of Black and Scholes (1973) and Merton (1973b), though these techniques were known well previously to mathematicians, theorists and practitioners in the physical sciences. These methods will be discussed and used here mainly within the original Black/Scholes framework, which for a large range of applications still remains the dominant paradigm. However, it should be noted that they are equally applicable, albeit often at a considerably higher level of technical complexity, in the many extensions, generalisations and modifications of the model that have ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.