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The Black–Scholes–Merton Model

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Continuous-Time Asset Pricing Theory

Part of the book series: Springer Finance ((SFTEXT))

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Abstract

This chapter presents the seminal Black–Scholes–Merton (BSM) model for pricing options. Since this chapter is a special case of the material contained in Sect. 2.7 in the fundamental theorems Chap. 2, the presentation will be brief.

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References

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Authors and Affiliations

  1. Samuel Curtis Johnson Graduate School, Cornell University, Ithaca, New York, USA

    Robert A. Jarrow

Authors
  1. Robert A. Jarrow
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Jarrow, R.A. (2018). The Black–Scholes–Merton Model. In: Continuous-Time Asset Pricing Theory. Springer Finance(). Springer, Cham. https://doi.org/10.1007/978-3-319-77821-1_5

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