Sciweavers

109
Voted
CORR
2002
Springer
98views Education» more  CORR 2002»
15 years 7 days ago
An Empirical Model for Volatility of Returns and Option Pricing
In a seminal paper in 1973, Black and Scholes argued how expected distributions of stock prices can be used to price options. Their model assumed a directed random motion for the ...
Joseph L. McCauley, Gemunu H. Gunaratne