Gosper's Algorithm Meets Wall Street Formulas 124
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 Georgiadis of MIT using Gosper's Algorithm, proving that no general explicit or closed form expression exists for pricing."
how dare you (Score:3, Interesting)
as "Devil takes the hindmost" (by Edward Chancellor) points out, many traders will be offended by your vulgar terminolgoy.
they are 'hedging', they are 'creating efficiencies', they are 'earning', they are absolutey not, in no way, gambling.