We devise a method to circumvent the complexity that arises from the option multi-dimensionality. That is, we transform the model to make it as simple as the one-dimensional case. Furthermore, the assumption of comonotonicity and other assumptions regarding the structure of the underlying asset...

We devise a method to circumvent the complexity that arises from the option multi-dimensionality. That is, we transform the model to make it as simple as the one-dimensional case. Furthermore, the assumption of comonotonicity and other assumptions regarding the structure of the underlying asset...

We provide explicit, simple price formulas for the Europeanoptions under stochastic volatility and stochastic interest rate. The formulasare as simple as the classical Black-Scholes formula. Moreover, the formulasdo not require the normality of the returns. We do not need to know thedistribution...

We provide very simple formulas for pricing both the European and American options.The existing methods of option pricing adopt strong assumptions. Furthermore, they use advanced mathematics to produce controversial pricing methods. The use of mathematically advanced models does not necessarily...

We devise a method to circumvent the complexity that arises from the option multi-dimensionality. That is, we transform the model to make it as simple as the one-dimensional case. Furthermore, the assumption of comonotonicity and other assumptions regarding the structure of the underlying asset...

We overcome the key limitations of the Black-Scholes model. In doing so, we provide an explicit, simple price formula for the European option that is identical to the classical Black-Scholes formula. Moreover, we do not need to know the distribution of the returns/price