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Option Prices as Probabilities: A New Look at Generalized Black-Scholes Formulae

Option Prices as Probabilities: A New Look at Generalized Black-Scholes Formulae
Option Prices as Probabilities: A New Look at Generalized Black-Scholes Formulae

Option Prices as Probabilities: A New Look at Generalized Black-Scholes Formulae

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Discovered in the seventies, Black-Scholes formula continues to play a central role in Mathematical Finance.

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