Integrating Mathematical and Symbolic Models Through AESOP: An Expert for Stock Options Pricing

30 Pages Posted: 31 Oct 2008

See all articles by James Clifford

James Clifford

affiliation not provided to SSRN

Henry C. Lucas Jr.

New York University (NYU)

Rajan Srikanth

affiliation not provided to SSRN

Date Written: October 1990

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.

Suggested Citation

Clifford, James and Lucas Jr., Henry C. and Srikanth, Rajan, Integrating Mathematical and Symbolic Models Through AESOP: An Expert for Stock Options Pricing (October 1990). Information Systems Working Papers Series, Vol. , pp. -, 1990. Available at SSRN: https://ssrn.com/abstract=1289091

James Clifford

affiliation not provided to SSRN

Henry C. Lucas Jr.

New York University (NYU) ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

Rajan Srikanth

affiliation not provided to SSRN

No Address Available

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