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Future Possibilities in Finance Theory and Finance Practice

  • Merton R
DOI: 10.1007/978-3-662-12429-1_3
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Abstract

… Finance theory, which is not institution based, is thus an apt tool for applying the functional perspective to … The Black-Scholes option pricing theory is, of course, the most celebrated instance … The elementary state- 8 See Jin, Kogan, Lim, Taylor, and Lo 1997 for a live web site with …

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Merton, R. C. (2002). Future Possibilities in Finance Theory and Finance Practice (pp. 47–73). https://doi.org/10.1007/978-3-662-12429-1_3

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