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Math

Submission + - Gosper's Algorithm meets Wall Street Formulas (ssrn.com) 1

peter.hill.1980 writes: "So, word has it that 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 in Algorithmic Finance by Evangelos Georgiaids of MIT using Gosper's Algorithm proving that no closed form solution is obtainable."
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Gosper's Algorithm meets Wall Street Formulas

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