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About ORIGINS OF THE BLACK-SCHOLES-MERTON (Chapter 4)
The Black-Scholes-Merton option pricing model was developed in the late 1960s and early 1970s by Fischer Black, Myron Scholes, and Robert Merton. Their model built upon previous work in mathematics and physics on modeling random processes and the pricing of financial derivatives. Black and Scholes published their seminal paper in 1973, while Merton made similar contributions around the same time. The model provided a revolutionary way to price options and spawned a huge derivatives industry. It remains one of the most influential developments in modern finance.
Detailed Information
| Author: | ['Quách Nguyệt Anh'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 5 |
| Language: | English |
| Format: | |
| Price: | FREE |
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