Black-Scholes期权定价公式——1997年度Nobel经济学奖获得者Merton和Schdes的学术贡献

Black-Scholes Option Pricing Formula——Brilliant Contribution of RC Merton and MS Scholes

系统介绍 1 997年度Nobel经济学奖获得者Merton和Scholes的学术贡献 ,即Black Scholes期权定价公式 ,包括Black&Scholes(1 973)原始论文、五种推导Black Scholes公式的方法和推广与扩展。

This paper systematically introduces the Black Scholes Option Pricing Formula——the brilliant contribution of R C Merton and M S Scholes,who won the Nobel prize in economics of 1997,including the original paper of Black & Scholes(1973),five different ways to derive option pricing formula and generalizations. [WT5HZ]