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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/14419
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| Title: | INTEGRATING MATHEMATICAL AND SYMBOLIC MODELS THROUGH AESOP: AN EXPERT
FOR STOCK OPTIONS PRICING |
| Authors: | Clifford, James
Lucas, Henry C., Jr.
Srikanth, Rajan |
| Issue Date: | 22-Oct-1990 |
| Publisher: | Stern School of Business, New York University |
| Series/Report no.: | IS-90-20 |
| Abstract: | This paper reports on an effort to integrate symbolic and mathematical
models to tailor the optimal output of an operations research model to
the particular domain of a decision maker. AESOP combines the
Black-Scholes model of stock options pricing with an expert system; the
integrated model is designed for use by an options specialist on the
American Stock Exchange. The specialist makes a number of adjustments to
the output of the mathematical model; the purpose of the symbolic model
is to make as many of these modifications as possible automatically. The
paper reports on the development and structure of AESOP and presents
data on its use. |
| URI: | http://hdl.handle.net/2451/14419 |
| Appears in Collections: | IOMS: Information Systems Working Papers
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