Date of Graduation
College of Business and Economics
The study of option pricing has a very short history, when compared with other elements of economics. Since the publication of a method to price European style equity options by Fischer Black and Myron Scholes in 1973 a vast amount of research on option pricing has occurred. Ultimately, the pricing of equity options depends upon the match of the model and reality. A new method to price option contracts is proposed. It is argued that the distributional assumptions of standard models are uncorrelated with nature. A new model is proposed as a start to a new class of models.
Harris, David, "A Method of Pricing European Style Equity Options" (2014). Graduate Theses, Dissertations, and Problem Reports. 5767.