Nobel Laureate Myron Scholes on the Black-Scholes option price model
from CFA Institute's Enterprising Investor
Larry Cao, CFA, sat down with Nobel Laureate Myron Scholes in Shanghai in August, and the two had a great chat. This is the first part of a two-part series. In this installment, Scholes shares his perspectives on the Black–Scholes option pricing model, from the motivation and intuition of the original formula to the myriad of extensions.
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