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Gosper’s Algorithm Meets Wall Street Formulas

March 2nd, 2011 03:00 admin Leave a comment Go to comments

Math

peter.hill.1980 writes “Wall Street’s money making formulas need to be as explicit as possible for efficiency purposes. An old, existing and famous formula — binomial options pricing formula — has now been scrutinized for theoretical optimality in a forthcoming paper by Evangelos Georgiaids of MIT using Gosper’s Algorithm, proving that no general explicit or closed form expression exists for pricing.”

Source: Gosper’s Algorithm Meets Wall Street Formulas

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