from the hypergeometric-overlords dept.
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."
Mathematics deals exclusively with the relations of concepts
to each other without consideration of their relation to experience.
-- Albert Einstein