Monday, June 23, 2014

Jan W. Dash, Path Integrals and Options I (1988)

Backgrounds

  • The author, as of writing, was a quantitative financier in Merrill Lynch
  • formerly he was a physicist in Marseille, France
  • (probably) first proposal to apply path integral for asset pricing models
  • path integral does not assume complete probability per se
  • so it might give an open (indefinite) model of asset pricing

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