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Derivative Pricing Theory: Call, Put Options and “Black, Scholes’” Hedged Portfolio

Fischer Black and Myron Scholes revolutionized the pricing theory of options by showing how to hedge continuously the exposure on the short position of an option. Consider the writer of a call option on a risky asset. S/he is exposed to …

Derivative Pricing Theory: Call, Put Options and “Black, Scholes’” Hedged Portfolio

Financial Entanglement and Complexity Theory. An Adumbration on Financial Crisis.

The complex system approach in finance could be described through the concept of entanglement. The concept of entanglement bears the same features as a definition of a complex system given by a group of physicists working in a field of …

Financial Entanglement and Complexity Theory. An Adumbration on Financial Crisis.

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