Black-Scholesn.

1972 Jrnl. Finance 27 456 The Black-Scholes strategy can provide a completely riskless investment.

1977 Jrnl. Risk & Insurance 44 513 The pricing formula is obtained within the framework of the Black-Scholes option pricing model.

1994 Wired July 136/1 The Black-Scholes equation was quickly adopted by Wall Street quants to calculate the value of options in complex derivative dealings.

1999 A. D. Westhem & S. J. Weissman Tax-Smart Investing xiv. 154 The Black-Scholes formula often puts the value of an option at about one-third the value of the common stock.

2003 Philadelphia Inquirer 6 Apr. e7/4 The value of stock options, which fell 18 percent last year to a median value of $4.2 million, was calculated by Equilar using a method known as the Black–Scholes model.

1978 Jrnl. Business 51 647 Using Black-Scholes for pricing options on consumption is tantamount to assuming that aggregate relative risk aversion is constant.

1993 M. A. Wong & R. High Fixed-income Arbitrage iv. 107 The undervaluation of American call options due to the failure of Black-Scholes to take into account the possibility of early exercise.

1998 Evening Standard (Nexis) 8 Oct. 33 Using Black Scholes, Marsh calculated that the City was charging companies far too much when they raised cash through stock market rights issues.

2004 BusinessWeek 15 Nov. 26/2 In 1993 he [sc. Emanuel Derman] and Goldman colleague Iraj Kani invented an options-pricing method that improved on an aspect of Black-Scholes—its incorrect assumption that the volatility of options is unvarying.