Comparing Conventional and Non-Parametric Option Pricing

Comparing Conventional and Non-Parametric Option Pricing

Paul Lajbcygier
DOI: 10.4018/978-1-59140-553-5.ch083
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Abstract

Once, the seminal Black–Scholes (Black & Scholes, 1973) model was thought to be the last word on option pricing: all that was needed, it was thought, was some adjustments and it could be applied to price options on any financial instrument.

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