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Record W2520075599 · doi:10.3968/8730

Option Pricing Model Based on Newton-Raphson Iteration and RBF Neural Network Using Implied Volatility

2016· article· en· W2520075599 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

venuePublished in a venue whose home country is Canada.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueCanadian social science · 2016
Typearticle
Languageen
FieldDecision Sciences
TopicStock Market Forecasting Methods
Canadian institutionsnot available
Fundersnot available
KeywordsArtificial neural networkBlack–Scholes modelImplied volatilityValuation of optionsVolatility (finance)Computer scienceEconometricsStock exchangeEconomicsArtificial intelligenceFinance

Abstract

fetched live from OpenAlex

As option is a kind of significant financial derivatives, option pricing will affect both the risk and profit of the investment. This paper proposed an option pricing model based on RBF neural network combined with the Newton-Raphson iteration method which is used to obtain the implied volatility. First, considering implied volatility includes investors’ expectation about the changes of future price options. Newton-Raphson iteration method is used to obtain the implied volatility by rolling estimation which is also added into the RBF neural network model. Then, RBF neural network is trained based on Black-Scholes model. Self-organizing learning and the least square method are used to optimize the parameters of RBF neural network. At last, empirical study and analysis with 10 50ETF stock options chosen from Shanghai Stock Exchange market have been performed, the result shows that the accuracy of the proposed model is better than the traditional BP neural network and B-S model and the effect of option pricing using by implied volatility is also better than others.

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.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.007
metaresearch head score (Gemma)0.004
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesScience and technology studies
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.899
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0070.004
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.002
Science and technology studies0.0020.001
Scholarly communication0.0000.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

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 head0.133
GPT teacher head0.395
Teacher spread0.261 · 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