{"entities":{"Q5929646":{"pageid":8106448,"ns":120,"title":"Item:Q5929646","lastrevid":47596540,"modified":"2026-01-02T04:27:50Z","type":"item","id":"Q5929646","labels":{"en":{"language":"en","value":"American prices embedded in European prices"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 1586219"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$BD24C11D-B034-4D42-9BF1-877218A55A31","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"d910e047b4424e3519c8e442d8e08bb28b99df04","datavalue":{"value":{"text":"American prices embedded in European prices","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q5929646$AA07D5D2-D635-444C-8B72-E43AFC1209FC","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"a1e6859373ca9be7597b82269078a10f87048d86","datavalue":{"value":"0982.60028","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$492EAA5D-B902-4762-B9B0-6DC218EBF210","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"a24b9f71745d07da66f95acade8ce902ec8bb2e3","datavalue":{"value":"10.1016/S0294-1449(00)00120-7","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$2C09E22F-9754-4723-B34B-F26F2B53DC78","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"b3e185838fd3910c62509030f4e64a2a633a48e7","datavalue":{"value":{"entity-type":"item","numeric-id":171242,"id":"Q171242"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$E2039237-7EC4-424C-A069-0A2DBEB1AD94","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"94c5b00c931d7e19e13ed08420c3e53b1dca277c","datavalue":{"value":{"entity-type":"item","numeric-id":171243,"id":"Q171243"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$BBB3D294-3A77-4747-8667-01A8E561EB40","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"306076ae4828f5a0d9ebe2222016a7985cbce7e5","datavalue":{"value":{"entity-type":"item","numeric-id":171244,"id":"Q171244"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$0CCDB293-A29B-4DBA-9A24-E9DFBD97E7F5","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"c13d1740a28716c4c5bfcac03995e635a2c76533","datavalue":{"value":{"time":"+2002-04-08T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q5929646$20420EA5-0AC6-4B2A-B031-D5386CBD1807","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"af88b1ab8178c16c46c75336c912b5c201d9d6bc","datavalue":{"value":"http://www.numdam.org/item?id=AIHPC_2001__18_1_1_0","type":"string"},"datatype":"url"},"type":"statement","id":"Q5929646$E20B0FD7-C48E-411F-B486-7894C4DBA8AD","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P205","hash":"a9349c1017d0952e81ed9ab4b6d51505180ad937","datavalue":{"value":"https://eudml.org/doc/78511","type":"string"},"datatype":"url"},"type":"statement","id":"Q5929646$2862E7E7-7AE4-4D32-AA25-E435755AFED7","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"4ed2c70353b3cfe0d7474eda9bd94303c160a625","datavalue":{"value":"The authors analyze, in a Black-Scholes framework, relations between American options prices and European options prices. They exhibit a large class of payoffs \\(\\psi\\) for which the American option price \\(v^{\\text{am}}_\\psi(t, x)= \\sup_{\\tau\\in{\\mathcal T}} (0; t)\\) has a closed-form expression. The main theorem is Theorem 3. Let \\(\\widehat\\varphi(x)= \\inf_{t\\geq 0} v_\\varphi(t, x)\\) where \\(v_\\varphi(t, x)\\) is the European option price for a payoff \\(\\varphi\\). Theorem 3 gives conditions on \\(\\widehat\\varphi\\) to insure that \\(v^{\\text{am}}_{\\widehat\\varphi}(t, x)= v_\\varphi(t\\vee\\widehat t(x), x)\\) where \\(\\widehat t\\) has to verify \\(v_\\varphi(\\widehat t(x), x)= \\widehat\\varphi(x)\\). Examples verifying Theorem 3 hypotheses are given.","type":"string"},"datatype":"string"},"type":"statement","id":"Q5929646$C216336D-E195-4CF7-A759-7A16CB6359F4","rank":"normal"}],"P1447":[{"mainsnak":{"snaktype":"value","property":"P1447","hash":"127e7db030eebd3380a4df26bc6be81e6c97b01a","datavalue":{"value":{"entity-type":"item","numeric-id":1186089,"id":"Q1186089"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$BE3F1592-2C33-411D-A48B-94669EF7B894","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"96985b9b4d60c0f935f371b2243a7deeef976496","datavalue":{"value":"60G40","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$0E80F1BC-256F-4CC1-9106-DE7176B05C4C","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"5546f4b5d73e56ab7abb124205ce5252de166638","datavalue":{"value":"60G46","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$B83ACBD6-CD22-4592-939C-831C17DC02D3","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"4ab83e4aad0d91ff4fa3028b5f306edce46af30b","datavalue":{"value":"91B70","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$B9BD20BA-F842-47FB-96D6-DE43E832D7D4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"7b600a0bd525a05fa571487b461fe5ba90ad6e5d","datavalue":{"value":"91B28","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$49E62F71-1AD2-410F-B1B2-5A84477B9BA7","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"16f4a0033ec9f7aea5ab32bf2e7bdcb6d8b2bdce","datavalue":{"value":"1586219","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$527FAC3F-830B-4438-8EB9-88E78CB3D660","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"27934e6c48f5fe604d98cee3bf9862cb20427ca2","datavalue":{"value":"American options","type":"string"},"datatype":"string"},"type":"statement","id":"Q5929646$5A9D3974-974A-4760-9A23-0A31A92EB275","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"3fbaa2de59413b5176cc8f03be498f4e59ef0054","datavalue":{"value":"Black-Scholes framework","type":"string"},"datatype":"string"},"type":"statement","id":"Q5929646$8EABE442-1F5A-49B6-AF1E-79BBCA60E58D","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"869804c54fc67421013d4b873822c9383db054ad","datavalue":{"value":"derivatives","type":"string"},"datatype":"string"},"type":"statement","id":"Q5929646$2A6735EE-F619-4ABC-AEFE-D22D4E5723BD","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$FD4D58EC-B7D0-4B4D-ABE3-943C576BCBB8","rank":"normal"}],"P223":[{"mainsnak":{"snaktype":"value","property":"P223","hash":"d0ffc024d9cf29b87fec5fd6b85b295cf61d2882","datavalue":{"value":{"entity-type":"item","numeric-id":3338613,"id":"Q3338613"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$6372B28F-5EA4-4447-AB90-901000A0A2D4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"52a3ff47374beb86c806037b8295ede1fd34f1b5","datavalue":{"value":{"entity-type":"item","numeric-id":3997782,"id":"Q3997782"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q5929646$A241556A-10EA-45E8-AA43-310FEEB5AD2C","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"ad19417280ca8b993fc474706e4dbd272cefeac9","datavalue":{"value":"W1997318024","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q5929646$72E28D05-4401-4414-B592-FD44FA186121","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"78a64ff4742391e379434b753de8abf8bb1bfa38","datavalue":{"value":{"entity-type":"item","numeric-id":913622,"id":"Q913622"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"5d7d83272939f7feadfb2ec2430cce6c8466f68a","datavalue":{"value":{"amount":"+0.7954402565956116","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q5929646$C5C0EB71-17D3-4FA3-852D-DF1A4AE25511","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"580f45db852698cbba34c89f00e706e68c800984","datavalue":{"value":{"entity-type":"item","numeric-id":1872409,"id":"Q1872409"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"092df44b1ba49ef2eac6d26a277523a21ff06203","datavalue":{"value":{"amount":"+0.7882787585258484","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q5929646$C647C236-CBA8-4914-B123-1198FBC35DF4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"d2170392c366bed73654dff5b6fe21c8c4087fd1","datavalue":{"value":{"entity-type":"item","numeric-id":2134285,"id":"Q2134285"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"6b6a1301efb1a277c88bd2b56f2b918eba30f8d9","datavalue":{"value":{"amount":"+0.7877172231674194","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q5929646$12C4A31F-584D-4381-B895-C0BB50D63DED","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"f3299d18053be70be280b116ed259c09fe169923","datavalue":{"value":{"entity-type":"item","numeric-id":5200620,"id":"Q5200620"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"ccaed2e1304b4c5a14a8fc556de8933157a19a61","datavalue":{"value":{"amount":"+0.7867668271064758","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q5929646$D9D04DBF-7814-46C3-879C-6EB39338DF7C","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"d317b7ed5c85c27010402e04fceb153731e84c75","datavalue":{"value":{"entity-type":"item","numeric-id":4438616,"id":"Q4438616"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"72e05b775101e17adde5076d4accd04fdca0613e","datavalue":{"value":{"amount":"+0.7860652208328247","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q5929646$A8B400BC-BCCC-40B1-B464-5A8BE5DD3A30","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Publication:5929646","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/Publication:5929646"}}}}}