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发帖数: 323 | 1 If the discovery of DNA gave the birth to the new field of
biology—genetic engineering, the discover of Black—Scholes
formula brings a new field to economics—financial
engineering.
Black-Scholes formula was derived by economists Myron
Scholes, Robert Merton and the late Fischer Black. It is a
way to determine how much a call option is worth at any
given time. In the other words, it can mathematically
calculate the risk of the investment which can reduce the
vulnerability to the financial insecur |
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