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Record W1966603303 · doi:10.1111/1467-9965.00101

Laguerre Series for Asian and Other Options

2000· article· en· W1966603303 on OpenAlexaff
Daniel Dufresne

Bibliographic record

VenueMathematical Finance · 2000
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicStochastic processes and financial applications
Canadian institutionsUniversité de Montréal
Fundersnot available
KeywordsGeometric Brownian motionAsian optionMathematicsReciprocalComputationSeries (stratigraphy)Laguerre polynomialsBrownian excursionBrownian motionInterval (graph theory)Applied mathematicsDistribution (mathematics)Asset (computer security)Valuation of optionsMathematical economicsEconometricsMathematical analysisEconomicsComputer scienceStatisticsDiffusion processCombinatoricsAlgorithmGeology

Abstract

fetched live from OpenAlex

This paper has four goals: (a) relate ladder height distributions to option values; (b) show how Laguerre expansions may be used in the computation of densities, distribution functions, and option prices; (c) derive some new results on the integral of geometric Brownian motion over a finite interval; and (d) apply the preceding results to the determination of the distribution of the integral of geometric Brownian motion and the computation of Asian option values. The usual fixed‐strike options on the average are treated, as well as options with payoffs expressed in terms of one over the average of the underlying security, which this author calls “reciprocal Asian options.” In all cases the underlying asset is represented by geometric Brownian motion, the averages are performed continuously, and the options are of European type.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.004
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.007
Threshold uncertainty score0.022

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.004
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0000.001
Scholarly communication0.0010.002
Open science0.0000.000
Research integrity0.0010.002
Insufficient payload (model declined to judge)0.0070.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.027
GPT teacher head0.236
Teacher spread0.209 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations149
Published2000
Admission routes1
Has abstractyes

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