Golden jubilee for an iconic financial formula

Blanka N. Horvath ()

Nature, 2023, vol. 618, issue 7964, 243-245

Abstract: 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.

Keywords: Economics; History; Mathematics and computing (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1038/d41586-023-01811-6

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