DERIVATIVES: A SCIENTIFIC REVOLUTION OF THE SEVENTIES

Francine Diener
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Francine Diener: Laboratoire J.A. Dieudonné, Université de Nice - Sophia Antipolis, Parc Valrose, 06108 Nice Cedex 02, France

Chapter 3 in European Women in Mathematics, 2003, pp 41-52 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe paper presents the main ideas of the Black, Scholes and Merton theory as a simplified introduction for non specialist. One explains what kind of financial product are options, how to price them and how to build a hedging portfolio that allows, according to the theory, to get rid of the risk.

Keywords: Mathematical Finance; Geometry; Cohomology (search for similar items in EconPapers)
Date: 2003
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