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 … model. Indeed, this distribution is especially useful in situations in which the spot's price follows a negatively skewed … distribution for which Black-Scholes-based (i.e., the log-normal distribution) modeling is largely inapt. We illustrate the …