dorsal/arxiv
View SchemaIntuitive Proof of Black-Scholes Formula Based on Arbitrage and Properties of Lognormal Distribution
| Authors | Alexei Krouglov |
|---|---|
| Categories | |
| ArXiv ID | physics/0612022 |
| URL | https://arxiv.org/abs/physics/0612022 |
Abstract
Presented is intuitive proof of Black-Scholes formula for European call options, which is based on arbitrage and properties of lognormal distribution. Paper can help students and non-mathematicians to better understand economic concepts behind one of the biggest achievements in modern financial theory.
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"abstract": "Presented is intuitive proof of Black-Scholes formula for European call\noptions, which is based on arbitrage and properties of lognormal distribution.\nPaper can help students and non-mathematicians to better understand economic\nconcepts behind one of the biggest achievements in modern financial theory.",
"arxiv_id": "physics/0612022",
"authors": [
"Alexei Krouglov"
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"title": "Intuitive Proof of Black-Scholes Formula Based on Arbitrage and Properties of Lognormal Distribution",
"url": "https://arxiv.org/abs/physics/0612022"
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