Symmetries of the Black-Scholes-Merton equation for European options (Q6133573)
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scientific article; zbMATH DE number 7730172
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Symmetries of the Black-Scholes-Merton equation for European options |
scientific article; zbMATH DE number 7730172 |
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Symmetries of the Black-Scholes-Merton equation for European options (English)
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18 August 2023
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In the present paper the authors add some corrections to the result by \textit{A. Paliathanasis} et al. [Mathematics 4, No. 2, Paper No. 28, 14 p. (2016; Zbl 1358.91101)], on the symmetry of Lie algebra of the Black-Scholes-Merton partial differential equation (PDE) for European option pricing. They shown that this PDE admits additional symmetries.
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symmetries of PDEs
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Black-Scholes-Merton equation
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