Welcome to a non-Black-Scholes world
文章引用期权市场和风险意识,挑战布莱克-舒尔斯模型只需微调的观点,认为它应被视为更一般理论的特例。
Jean-Phillipe Bouchaud and Marc Potters, citing option markets and risk awareness, challenge the view that the Black-Scholes model needs little improvement - in fact, it should be seen as a special case of a more general theory.