{"entities":{"Q760330":{"pageid":762179,"ns":120,"title":"Item:Q760330","lastrevid":64126512,"modified":"2026-04-11T17:49:30Z","type":"item","id":"Q760330","labels":{"en":{"language":"en","value":"On the theory of option pricing"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 3883891"}},"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":"Q760330$E8A13B42-C7F9-4D60-9CAD-B6AB454ECE04","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"490908852b70ac1c06be4aa8171e916cda0d49eb","datavalue":{"value":{"text":"On the theory of option pricing","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q760330$4821CCA7-BFAB-4C9A-8092-9F3A50944747","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"14d87afe1147edaeda1fe2b83a2eaa771b8bf6cd","datavalue":{"value":"0554.90019","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q760330$F462FDEC-B94B-460D-B0BC-7E2B1D778F24","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"8d1231d86866fb01586b04e1f50e347c0a84f9cd","datavalue":{"value":{"entity-type":"item","numeric-id":190587,"id":"Q190587"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q760330$FB1F9B44-EBAF-42A7-847B-54C1F75B9C16","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"2ee0f220147ae8bc749a64db56839865dbc4f127","datavalue":{"value":{"time":"+1984-00-00T00:00:00Z","timezone":0,"before":0,"after":0,"precision":9,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q760330$A583C3C5-6C86-4585-946A-02F392D47C38","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"2149d991a8b5630e940f649eaf0adf6e6c92c859","datavalue":{"value":"The study of speculative prices led the French mathematician L. Bachelier already in 1900 to the discovery of the mathematical theory of Brownian motion, five years before Einstein's classic paper. Since then, several prominent economists and mathematicians, i.e. P. Samuelson, H. P. McKean, R. Merton, H. F\u00f6lmer and C. Stricker,... have made highly interesting contributions to this and closely related problems using a variety of techniques, i.e. heat equations, optimal stoppings, It\u00f4-calculus, martingales etc. The paper under review provides, using stochastic control, drift transformation, Kunita-Watanabe representations and perturbation techniques, an axiomatic framework aimed at defining in an economic meaningful way the concept of value function for risky operations and proves completeness of the market of assets, whose prices behave like It\u00f4 processes. Further, it characterizes univocally a value function of an ''American claim'', i.e. a security issued by a company giving its owner the right to purchase or sell a share of stock at a given ''exercise'' price on or before a given date.","type":"string"},"datatype":"string"},"type":"statement","id":"Q760330$BCD926A0-2B6B-49C5-AB1E-58CED8DAB7EC","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"7f918b855cc4e1ef3c50dee94916276dca231342","datavalue":{"value":"91G10","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q760330$C674BCBA-BD54-42AB-A562-2DE942255246","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"e3bc6c7cda8279d6ad2b578e7a7e4967447c3cc4","datavalue":{"value":"93E20","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q760330$5CD62D23-3313-4C8E-8DDC-1EBD24CF9332","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"3d0e7b322622d5e8df8bd4a7f15a34940eb62cd4","datavalue":{"value":"62L15","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q760330$8F54FDC1-8F91-4063-8308-7A6A5B124B46","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"b1355fbb4f7dce5b1a2a667a659d4b16ecef07e4","datavalue":{"value":"60H10","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q760330$17411CCE-D0E8-42F4-A478-122131B60749","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"3a1fd3dc8f38c7c5b7e25b4bf3549afeba18f8c2","datavalue":{"value":"3883891","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q760330$75D4C882-7E40-43F2-BE07-976535C10BD6","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"ebe2c2ddc6173bb0ee3ca17548523e40fd873d41","datavalue":{"value":"portfolio theory","type":"string"},"datatype":"string"},"type":"statement","id":"Q760330$D3402A81-2E67-44F6-A657-40C89F9B4035","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"3992852ef3cc7c9383bd205b8e1593890733b6bf","datavalue":{"value":"financial economics","type":"string"},"datatype":"string"},"type":"statement","id":"Q760330$6062F320-80E9-4218-BCDF-4391D8A3F97E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"e8614bf31aab7a804d40f47fee75a9a8059d4af5","datavalue":{"value":"Brownian motion","type":"string"},"datatype":"string"},"type":"statement","id":"Q760330$8A2602CE-DADE-405C-87DB-E6CDB39E5C48","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"710489dd6b6e3a0cb50bfcbaf69d5d127a85e46f","datavalue":{"value":"drift transformation","type":"string"},"datatype":"string"},"type":"statement","id":"Q760330$B79E2158-985B-44E7-94CE-F165B5522E2E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"8d7506d382d2fa643073efd3bb530f7922ad755a","datavalue":{"value":"Kunita-Watanabe representations","type":"string"},"datatype":"string"},"type":"statement","id":"Q760330$6537601D-F237-4FFF-A9E2-7E7EF28330E2","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"46f9582f97dfbdf65561522d2edbe2a5289d6488","datavalue":{"value":"perturbation techniques","type":"string"},"datatype":"string"},"type":"statement","id":"Q760330$F31779E2-B7A1-421D-8B48-017578320689","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"0b9219fefee823499ec63f8ad963eefea644b132","datavalue":{"value":{"entity-type":"item","numeric-id":278942,"id":"Q278942"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q760330$282C4AEE-77FE-4E01-892B-DEC7CEB61D66","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q760330$BF5932E1-20AA-49D8-84A1-179BDE9C4C91","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"86024be91fa5a4a9c4d66c18f8cbe4ceaa3f711a","datavalue":{"value":{"entity-type":"item","numeric-id":4905685,"id":"Q4905685"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"a6dc2f407f8db051df243d96f6f7cfdd2a5c184b","datavalue":{"value":{"amount":"+0.8192875385284424","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":"Q760330$27E32BED-04EF-494F-B014-8105BBFCC59A","rank":"normal"},{"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":"def15473d9d2ce00313a8b630b44bf941c96ea14","datavalue":{"value":{"amount":"+0.8166621923446655","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":"Q760330$5A696D8E-7E6A-4208-BBDE-BDB41E52366A","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"942bbd93aa1265e484ebabeeb8f3bd131c3236d0","datavalue":{"value":{"entity-type":"item","numeric-id":4936229,"id":"Q4936229"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"fc65ea837282f138b8f93b284001a3fcaffb72cb","datavalue":{"value":{"amount":"+0.8089651465415955","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":"Q760330$1EDA86C4-7F6D-4B06-BD21-E2036046053C","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"6a3fbe5df85056110ed92f1049bf076bc8d66adc","datavalue":{"value":{"entity-type":"item","numeric-id":1186292,"id":"Q1186292"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"22a5ed08546d76b6da21db7d328d93ef822c38b7","datavalue":{"value":{"amount":"+0.8085296154022217","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":"Q760330$205FB67F-2928-4C88-B7D9-0D94B880C9D9","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"b0aaf9d9d54872cccf0e5797e3823e78b7bf3976","datavalue":{"value":{"entity-type":"item","numeric-id":3139213,"id":"Q3139213"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"8e2afbada333ebd4bf69adf2647dae44e3acf63a","datavalue":{"value":{"amount":"+0.7949531078338623","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":"Q760330$37F383BB-D801-4AA1-84B7-9F55A5613AB0","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"On the theory of option pricing","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/On_the_theory_of_option_pricing"}}}}}