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An Engine, Not a CameraHow Financial Models Shape Markets$
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Donald Mackenzie

Print publication date: 2006

Print ISBN-13: 9780262134606

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262134606.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 May 2020

Pricing Options

Pricing Options

(p.119) 5 Pricing Options
An Engine, Not a Camera

Donald MacKenzie

The MIT Press

This chapter focuses on examining the significance and role of pricing options for stocks in stock markets in the United States, and finds that many economists and financial researchers developed different theories and models of pricing options. A. James Boness, a Ph.D. student from the University of Chicago, was one of the young researchers who simplified the assumptions of pricing options. These assumptions suggested that option traders were immune to risks and that potential returns from all stocks with options were the same. Another alternative approach to options and warrant prices involved developing a priori models and empirically extracting the determinants of these prices.

Keywords:   pricing option, economists, financial researchers

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