Boukai, Benzion - In: Journal of risk and financial management : JRFM 15 (2022) 6, pp. 1-18
the Black-Scholes modeling in such instances, which involves negatively skewed distribution, is further illustrated by its … positively skewed distribution. In all, utilizing the Generalized Gamma distributions as possible RNDs for direct option … model. Indeed, this distribution is especially useful in situations in which the spot's price follows a negatively skewed …