Gregory Gundersen personal blog
An Intuitive Explanation of Black–Scholes
The Black–Scholes formula is the crown jewel of quantitative finance. The formula gives the fair price of a European-style option, and its success can ultimately be measured by its impact on option markets. Before the formula’s publication in 1973 (Black & Scholes, 1973; Merton, 1973) , option markets were relatively…
- Points
- 212
- HN comments
- 89
- Submissions
- 1
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- 0 commenters
Math & AlgorithmsTech Industry & Business2024
On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Oct 3, 2024 | An Intuitive Explanation of Black–Scholes by alexmolas | 212 | 89 |
