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March 2, 2011 11:22 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/W5zorFVSBzo/Gospers-Algorithm-Meets-Wall-Street-Formulas
Gosper's Algorithm Meets Wall Street Formulas
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." 
Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/W5zorFVSBzo/Gospers-Algorithm-Meets-Wall-Street-Formulas
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