The theory of Brownian motion is the foundation of the pricing theory of Black Scholes.

布朗运动理论是布莱克-舒尔斯期权定价理论的基础。

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As the number of time steps is increased, the Binomial approximation to the underlying price movements becomes closer to the Black Scholes answer.

随着步骤的增加，二项式法对于资产价格变动的近似结果就越接近布莱克·斯科尔斯模型的答案。

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Black-Scholes is just a model, not a complete description of the world.

布·斯方程只是一个模型，而并非对这个世界的完整描述。

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This GAAP charge was based on the Black Scholes valuation method, often maligned for being subjective and inappropriate for shares and options generally held for a long period of time.

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The Chicago native earned a finance doctorate at the University of Chicago in the early 1970s, when he worked with advisors like Nobel Prize winner Merton Miller and Fischer Black and Myron Scholes, coauthors of the Black-Scholes options pricing model.

FORBES: Money & Investing

The Black-Scholes equation, brainchild of economists Fischer Black and Myron Scholes, provided a rational way to price a financial contract when it still had time to run.

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