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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.
|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.|
|Appears in Collections:||IOMS: Information Systems Working Papers|
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