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Gosper's Algorithm Meets Wall Street Formulas

Posted by Unknown on 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."

1 of 124 comments (clear)

  1. be an American by Anonymous Coward · · Score: -1, Offtopic

    Why do Americans across the country not simply not occupy Wall Street?

    Why have you been so effectively programmed to accept the shit you're fed?

    Not a statement against sound long-term investment, but against casino capitalism and cronyism.

    I come from a country which has experienced a revolution in my lifetime.

    Why can't you?