The Inverted Parabola World of Classical Quantitative Finance : Non-Equilibrium and Non-Perturbative Finance Perspective

Classical quantitative finance models such as the Geometric Brownian Motion or its later extensions such as local or stochastic volatility models do not make sense when seen from a physics-based perspective, as they are all equivalent to a negative mass oscillator with a noise. This paper presents an alternative formulation based on insights from physics

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Year of publication:	2020
Authors:	Halperin, Igor
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Finanzmathematik \| Mathematical finance \| Portfolio-Management \| Portfolio selection \| Finanzmarkt \| Financial market \| Optionspreistheorie \| Option pricing theory \| Kapitalmarkttheorie \| Financial economics

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