| 单词 | Black-Scholes option-pricing model |
| 释义 | Black-Scholes option-pricing model The first successful option-pricing model, published in 1973 and based on stochastic calculus. It focuses on the pricing of European options, in which the underlying does not pay a dividend in the option period. The option is priced according to the value of the underlying, the volatility of the value of the underlying, the exercise price, the time to maturity, and the risk-free rate of interest. The model provided a general approach to option pricing and has given rise to a number of other option-pricing models. |
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