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Math The Almighty Buck Science

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."
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Gosper's Algorithm Meets Wall Street Formulas

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  • Re:Hurh? (Score:5, Funny)

    by mangu ( 126918 ) on Wednesday March 02, 2011 @04:16PM (#35360972)

    It's very simple. What part of "We set a lower bound on the complexity of options pricing formulae in the lattice metric by proving that no general explicit or closed form (hypergeometric) expression for pricing vanilla European call and put options exists when employing the binomial lattice approach" you didn't understand?

  • by PrinceAshitaka ( 562972 ) on Wednesday March 02, 2011 @04:29PM (#35361172) Homepage
    This is the abstract used ( not really) to get teh funding grant for this research.

    Two fundamentally different but complementary transition metal catalyzed chemo-, regio-,diastereo-, enantio-, and grantproposalo-selective approaches to the synthesis of a library of biologically significant nano- and pico-molecules will be presented with the focus on reaction mechanism and egocentric effects. The role of the nature of the metal, ligand, solvent, temperature, time, microwave, nanowave, picowave, ultrasound, hypersound, moon phase, and weather in this catalytic, sustainable, cost-effective, and eco-friendly technology will be discussed in detail.
  • Re:Hurh? (Score:2, Funny)

    by Burnhard ( 1031106 ) on Wednesday March 02, 2011 @05:54PM (#35362312)
    Why is this modded "informative"? It should have been modded funny.

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