Binomial options pricing modelIn finance, the binomial options pricing model (BOPM) provides a generalizable numerical method for the valuation of options. Essentially, the model uses a "discrete-time" (lattice based) model of the varying price over time of the underlying financial instrument, addressing cases where the closed-formBlack–Scholes formula is wanting, which in general does not exist for the BOPM.
Black–Scholes equationThe surface plot of the value of a European call option over time and price of underlying stock, along with some representative stock price trajectories. If the stock price starts high above the strike price, then it is likely to end up above the strike price. If the stock price starts much below, then it has a small chance of ending up above the strike price.
Schrödinger equationThe Schrödinger equation is a partial differential equation that governs the wave function of a non-relativistic quantum-mechanical system. Its discovery was a significant landmark in the development of quantum mechanics. It is named after Erwin Schrödinger, an Austrian physicist, who postulated the equation in 1925 and published it in 1926, forming the basis for the work that resulted in his Nobel Prize in Physics in 1933.Emmanuel HavenEmmanuel Haven is an academic, author and researcher. He previously held a personal Chair at the University of Leicester (UK) and is currently full professor and the Dr. Alex Faseruk Chair in Financial Management at the Faculty of Business Administration, Memorial University. Haven focuses his research on interdisciplinary fields with particular attention to apply formalisms from other disciplines (like physics) to areas such as economics, psychology, biology and finance.
Richard FeynmanAmerican theoretical physicist (1918–1988)Richard Phillips Feynman (; May 11, 1918 – February 15, 1988) was an American theoretical physicist. He shared the 1965 Nobel Prize in Physics with Julian Schwinger and Shin'ichirō Tomonaga "for their fundamental work in quantum electrodynamics (QED), with deep-ploughing consequences for the physics of elementary particles".
Asghar QadirAsghar Qadir, HI, SI, FPAS (Urdu: اصغر قادر born 23 July 1946) is a Pakistani mathematician, physicist and economist. In mathematics he contributed to the fields of differential equations, number theory and special functions. In physics his major contributions are to general relativity, astrophysics, cosmology, quantum field theory, and related fields.
Quantum mechanicsQuantum mechanics, also known as quantum physics, is the fundamental physical theory that describes the behavior of matter and of light; the behaviors it models typically occur at and below the scale of atoms, and have often been described as counterintuitive. Its concepts and methods have been applied across many disciplines, including quantum chemistry, quantum biology, quantum field theory, quantum technology, and quantum information science.
Google ScholarGoogle Scholar is a freely accessible web search engine that indexes the full text or metadata of scholarly literature across an array of publishing formats and disciplines. Released in beta in November 2004, the Google Scholar index includes peer-reviewed online academic journals and books, conference papers, theses and dissertations, preprints, abstracts, technical reports, and other scholarly literature, including court opinions and patents.FinanceFinance refers to the management, movement, investment, and raising of money. "Finance" also refers to the academic discipline that studies these. Based on the scope of financial activities, the discipline can be divided into the three primary branches personal, corporate, and public finance.BidBid or BID may refer to:
EconomicsSocial science studying goods and servicesEuro coinsEconomics () is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as the basic elements of economies, including individual agents and markets, their interactions, and the outcomes of those interactions.EconophysicsEconophysics is a transdisciplinary research field in heterodox economics. It applies theories and methods originally developed by physicists to problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics. Some of its application to the study of financial markets has also been termed statistical finance referring to its roots in statistical physics. Econophysics is closely related to social physics.*As an Amazon Associate I earn from qualifying purchases.