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布莱克和斯科尔斯期权定价理论和公式是最近25年来经济学领域中最为重大的突破和最卓越的贡献,它不仅为金融衍生证券市场近十年来的迅猛发展奠定了可靠的理论基础,而且它在经济诸多领域中的广泛应用为金融业的未来发展带来一场革命性的变化。本文沿着“复制”的线索对欧式期权定价问题展开讨论,阐述了倒向求解期权定价问题的基本思想,探讨了未来的发展方向
Blackwell and Scholes options pricing theory and formula is the most significant breakthrough and the most outstanding contribution in the field of economics in recent 25 years. It not only laid a solid theoretical foundation for the rapid development of financial derivative securities market over the past decade, but also Its wide application in many economic fields has brought a revolutionary change to the future development of the financial industry. This paper discusses the pricing of European options along the clue of “copy”, elaborates the basic idea of backward solving the option pricing problem, and discusses the future development direction