Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Black–Scholes_model> ?p ?o }
- Black–Scholes_model abstract "The Black–Scholes /ˌblæk ˈʃoʊlz/ or Black–Scholes–Merton model is a mathematical model of a financial market containing derivative investment instruments. From the model, one can deduce the Black–Scholes formula, which gives a theoretical estimate of the price of European-style options. The formula led to a boom in options trading and legitimised scientifically the activities of the Chicago Board Options Exchange and other options markets around the world. lt is widely used, although often with adjustments and corrections, by options market participants. Many empirical tests have shown that the Black–Scholes price is \"fairly close\" to the observed prices, although there are well-known discrepancies such as the \"option smile\".The Black–Scholes model was first published by Fischer Black and Myron Scholes in their 1973 paper, \"The Pricing of Options and Corporate Liabilities\", published in the Journal of Political Economy. They derived a partial differential equation, now called the Black–Scholes equation, which estimates the price of the option over time. The key idea behind the model is to hedge the option by buying and selling the underlying asset in just the right way and, as a consequence, to eliminate risk. This type of hedging is called delta hedging and is the basis of more complicated hedging strategies such as those engaged in by investment banks and hedge funds.Robert C. Merton was the first to publish a paper expanding the mathematical understanding of the options pricing model, and coined the term \"Black–Scholes options pricing model\". Merton and Scholes received the 1997 Nobel Memorial Prize in Economic Sciences for their work. Though ineligible for the prize because of his death in 1995, Black was mentioned as a contributor by the Swedish Academy.The model's assumptions have been relaxed and generalized in many directions, leading to a plethora of models that are currently used in derivative pricing and risk management. It is the insights of the model, as exemplified in the Black-Scholes formula, that are frequently used by market participants, as distinguished from the actual prices. These insights include no-arbitrage bounds and risk-neutral pricing. The Black-Scholes equation, a partial differential equation that governs the price of the option, is also important as it enables pricing when an explicit formula is not possible.The Black–Scholes formula has only one parameter that cannot be observed in the market: the average future volatility of the underlying asset. Since the formula is increasing in this parameter, it can be inverted to produce a \"volatility surface\" that is then used to calibrate other models, e.g. for OTC derivatives.".
- Black–Scholes_model wikiPageExternalLink black-scholes-equation-credit-crunch.
- Black–Scholes_model wikiPageExternalLink black-scholes.
- Black–Scholes_model wikiPageExternalLink black-scholes.
- Black–Scholes_model wikiPageExternalLink KnownClosedForms.pdf.
- Black–Scholes_model wikiPageExternalLink sici?sici=0005-8556%28197321%294%3A1%3C141%3ATOROP%3E2.0.CO%3B2-0&origin=repec.
- Black–Scholes_model wikiPageExternalLink sici?sici=0022-3808%28197305%2F06%2981%3A3%3C637%3ATPOOAC%3E2.0.CO%3B2-P.
- Black–Scholes_model wikiPageExternalLink AnalyticSolutionOfBlackScholesPDE.html.
- Black–Scholes_model wikiPageExternalLink chipricingmodel.
- Black–Scholes_model wikiPageExternalLink 831.
- Black–Scholes_model wikiPageExternalLink the-black-scholes-equation.
- Black–Scholes_model wikiPageExternalLink magazine-17866646.
- Black–Scholes_model wikiPageExternalLink midas.shtml.
- Black–Scholes_model wikiPageExternalLink assumptions-for-black-scholes-model.html.
- Black–Scholes_model wikiPageExternalLink risk-non_continuous_hedge.pdf.
- Black–Scholes_model wikiPageExternalLink black_scholes.html.
- Black–Scholes_model wikiPageExternalLink 060259.abstract.html.
- Black–Scholes_model wikiPageExternalLink Shah1997_bms.pdf.
- Black–Scholes_model wikiPageExternalLink stockmarket.
- Black–Scholes_model wikiPageExternalLink bs.html.
- Black–Scholes_model wikiPageExternalLink BSV.html.
- Black–Scholes_model wikiPageExternalLink blacksch.htm.
- Black–Scholes_model wikiPageExternalLink BlackScholesMertonImpliedVolatilitySurfaceModel.java.
- Black–Scholes_model wikiPageExternalLink Black_Scholes.
- Black–Scholes_model wikiPageExternalLink soom.
- Black–Scholes_model wikiPageExternalLink Black-Scholes.
- Black–Scholes_model wikiPageID "113515".
- Black–Scholes_model wikiPageLength "51115".
- Black–Scholes_model wikiPageOutDegree "167".
- Black–Scholes_model wikiPageRevisionID "708142115".
- Black–Scholes_model wikiPageWikiLink Arbitrage.
- Black–Scholes_model wikiPageWikiLink Autoregressive_conditional_heteroskedasticity.
- Black–Scholes_model wikiPageWikiLink Barrier_option.
- Black–Scholes_model wikiPageWikiLink Berkshire_Hathaway.
- Black–Scholes_model wikiPageWikiLink Binary_option.
- Black–Scholes_model wikiPageWikiLink Binomial_options_pricing_model.
- Black–Scholes_model wikiPageWikiLink Black_Shoals.
- Black–Scholes_model wikiPageWikiLink Black_model.
- Black–Scholes_model wikiPageWikiLink Black–Scholes_equation.
- Black–Scholes_model wikiPageWikiLink Black–Scholes_model.
- Black–Scholes_model wikiPageWikiLink Bond_(finance).
- Black–Scholes_model wikiPageWikiLink Bond_option.
- Black–Scholes_model wikiPageWikiLink Brownian_model_of_financial_markets.
- Black–Scholes_model wikiPageWikiLink Call_option.
- Black–Scholes_model wikiPageWikiLink Category:1973_in_economics.
- Black–Scholes_model wikiPageWikiLink Category:Equations.
- Black–Scholes_model wikiPageWikiLink Category:Finance_theories.
- Black–Scholes_model wikiPageWikiLink Category:Mathematical_finance.
- Black–Scholes_model wikiPageWikiLink Category:Options_(finance).
- Black–Scholes_model wikiPageWikiLink Category:Stochastic_processes.
- Black–Scholes_model wikiPageWikiLink Category:Stock_market.
- Black–Scholes_model wikiPageWikiLink Chicago_Board_Options_Exchange.
- Black–Scholes_model wikiPageWikiLink Closed-form_expression.
- Black–Scholes_model wikiPageWikiLink Compound_interest.
- Black–Scholes_model wikiPageWikiLink Conditional_probability.
- Black–Scholes_model wikiPageWikiLink Consistency.
- Black–Scholes_model wikiPageWikiLink Coordinate_system.
- Black–Scholes_model wikiPageWikiLink Cumulative_distribution_function.
- Black–Scholes_model wikiPageWikiLink Datar–Mathews_method_for_real_option_valuation.
- Black–Scholes_model wikiPageWikiLink Delta_neutral.
- Black–Scholes_model wikiPageWikiLink Derivative.
- Black–Scholes_model wikiPageWikiLink Derivative_(finance).
- Black–Scholes_model wikiPageWikiLink Discounting.
- Black–Scholes_model wikiPageWikiLink Dividend.
- Black–Scholes_model wikiPageWikiLink Dividend_yield.
- Black–Scholes_model wikiPageWikiLink Edward_O._Thorp.
- Black–Scholes_model wikiPageWikiLink Emanuel_Derman.
- Black–Scholes_model wikiPageWikiLink Equation_solving.
- Black–Scholes_model wikiPageWikiLink Espen_Gaarder_Haug.
- Black–Scholes_model wikiPageWikiLink Expected_value.
- Black–Scholes_model wikiPageWikiLink Feynman–Kac_formula.
- Black–Scholes_model wikiPageWikiLink Financial_economics.
- Black–Scholes_model wikiPageWikiLink Financial_market.
- Black–Scholes_model wikiPageWikiLink Finite_difference_methods_for_option_pricing.
- Black–Scholes_model wikiPageWikiLink Fischer_Black.
- Black–Scholes_model wikiPageWikiLink Forward_price.
- Black–Scholes_model wikiPageWikiLink Frictionless_market.
- Black–Scholes_model wikiPageWikiLink Geometric_Brownian_motion.
- Black–Scholes_model wikiPageWikiLink Greeks_(finance).
- Black–Scholes_model wikiPageWikiLink Heat_equation.
- Black–Scholes_model wikiPageWikiLink Hedge_(finance).
- Black–Scholes_model wikiPageWikiLink Hedge_fund.
- Black–Scholes_model wikiPageWikiLink Ian_Stewart_(mathematician).
- Black–Scholes_model wikiPageWikiLink Implied_volatility.
- Black–Scholes_model wikiPageWikiLink Investment_banking.
- Black–Scholes_model wikiPageWikiLink Itxc3xb4s_lemma.
- Black–Scholes_model wikiPageWikiLink Journal_of_Political_Economy.
- Black–Scholes_model wikiPageWikiLink Jump_diffusion.
- Black–Scholes_model wikiPageWikiLink Lattice_model_(finance).
- Black–Scholes_model wikiPageWikiLink Liquidity_risk.
- Black–Scholes_model wikiPageWikiLink Log-normal_distribution.
- Black–Scholes_model wikiPageWikiLink Long-Term_Capital_Management.
- Black–Scholes_model wikiPageWikiLink Martingale_(probability_theory).
- Black–Scholes_model wikiPageWikiLink Mathematical_finance.
- Black–Scholes_model wikiPageWikiLink Mathematical_model.
- Black–Scholes_model wikiPageWikiLink Measure_(mathematics).
- Black–Scholes_model wikiPageWikiLink Moneyness.
- Black–Scholes_model wikiPageWikiLink Monotonic_function.
- Black–Scholes_model wikiPageWikiLink Monte_Carlo_methods_for_option_pricing.
- Black–Scholes_model wikiPageWikiLink Myron_Scholes.