Options trading can often be complex, but understanding how these financial instruments are priced is crucial for anyone ...

Since developing the Black-Scholes-option pricing model with his good friend Fischer Black and co-laureate Robert Merton, Myron Scholes has become one of the leaders in financial economics. But this ...

This growth is due in part to the long-term consequences of the now famous option pricing formula developed by Black, Scholes and Merton and published in 1973 and the increase in the volatility of ...