finance

The Black-Scholes Model - Pricing Options and Corporate Liabilities

A technical walkthrough of the 1973 Black-Scholes paper - the no-arbitrage hedging argument, the option pricing differential equation, its closed-form solution, and the reading of corporate liabilities as options.

2026, Jul 18 —

The Black-Scholes Model for Curious Kids — Pricing a Ticket to Buy Later

A simple guide to the Black-Scholes model - what an option is, why pricing it was a hard puzzle, and how two clever people solved it, explained with everyday analogies for curious readers.

2026, Jul 18 —