Solution of the Fractional Black-Scholes Option Pricing Model by Finite Difference Method

This work deals with the put option pricing problems based on the time-fractional Black-Scholes equation, where the fractional derivative is a so-called modified Riemann-Liouville fractional derivative. With the aid of symbolic calculation software, European and American put option pricing models th...

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Bibliographic Details
Main Authors: Lina Song, Weiguo Wang
Format: Article
Language:English
Published: Wiley 2013-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2013/194286
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