Further Reflections Based on the Black-Scholes (B-S) Model

被引：0
|
作者：
Cifuentes, Arturo [1 ]
Charlin, Ventura [1 ,2 ]
机构：
[1] Clapes UC Catholic Univ Chile, Santiago, Chile
[2] VC Consultants, New York, NY 10021 USA
来源：
PHILOSOPHY OF SCIENCE | 2025年 / 92卷 / 01期
关键词：
EPISTEMOLOGY; PHILOSOPHY; ECONOMICS;
D O I：
10.1017/psa.2024.31
中图分类号：
N09 [自然科学史]; B [哲学、宗教];
学科分类号：
01 ; 0101 ; 010108 ; 060207 ; 060305 ; 0712 ;
摘要：
The Black-Scholes (B-S) model is considered by the academic environment one of the greatest achievements of financial economics. Yet it brings with it some conundrums. The model is often used in a manner that contradicts one of its assumptions, and its predictions are not supported by market reality. Here we address, from the perspective of philosophy of science, an additional issue related to this model: the distinction between its explanatory and predictive capabilities.
引用
收藏
页码：223 / 228
页数：6
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