Golden jubilee for an iconic financial formula
Fifty years ago, an equation called the Black–Scholes formula revolutionized finance, leading to a rapid growth of markets and stimulating quantitatively oriented minds. But, with time, its simplicity became a liability — and yet its legacy persists.
| Auteur principal: | |
|---|---|
| Format: | Journal article |
| Langue: | English |
| Publié: |
Springer Nature
2023
|