Time：2016-10-9， 15:00-16:00

Place：Room 1518, School of Mathematical Sciences 

Abstract： We will discuss a simple but empirically consistent stochastic model for stock price dynamics and option pricing, which not only has the same analyticity as log-normal and Black-Scholes model, but is also consistent with many phenomenons arising from empirical stock and option markets. It is another way to model stock price and options under leptokurtic distribution that hopefully can add some new insight or give new ideas to improve stock and option valuation.