Abstract
This article provides an overview of risk-neutral valuation methodology and presents historical milestones in the development of quantitative finance. It also discusses current challenges and new perspectives in model choice, pricing and hedging.
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Zariphopoulou, T. (2018). Options (New Perspectives). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2553
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2553
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