Intuitive Proof of Black-Scholes Formula Based on Arbitrage and Properties of Lognormal Distribution

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dc.creatorKrouglov, Alexei
dc.date2006-12-03
dc.date.accessioned2026-07-07T07:34:57Z
dc.date.available2026-07-07T07:34:57Z
dc.descriptionPresented is intuitive proof of Black-Scholes formula for European call options, which is based on arbitrage and properties of lognormal distribution. Paper can help students and non-mathematicians to better understand economic concepts behind one of the biggest achievements in modern financial theory.
dc.description7 pages
dc.identifierhttps://arxiv.org/abs/physics/0612022
dc.identifierhttp://arxiv.org/abs/physics/0612022
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/119949
dc.subjectGeneral Physics
dc.titleIntuitive Proof of Black-Scholes Formula Based on Arbitrage and Properties of Lognormal Distribution
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