Abstract
The models that we have been studying are discrete-time models, because changes take place only at discrete points in time. On the other hand, in continuous-time models, changes can take place (at least theoretically) at any real time during the life of the model.
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© 2012 Steven Roman
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Roman, S. (2012). The Black–Scholes Option Pricing Formula. In: Introduction to the Mathematics of Finance. Undergraduate Texts in Mathematics(). Springer, New York, NY. https://doi.org/10.1007/978-1-4614-3582-2_11
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DOI: https://doi.org/10.1007/978-1-4614-3582-2_11
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Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-3581-5
Online ISBN: 978-1-4614-3582-2
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