An Analysis of the Fractional-Order Option Pricing Problemvfor Two Assets by the Generalized Laplace Variational Iteration Approach
An Analysis of the Fractional-Order Option Pricing Problemvfor Two Assets by the Generalized Laplace Variational Iteration Approach Sivaporn Ampun, Panumart Sawangtong, and Wannika Sawangtong The Black–Scholes equation is a fundamental model in option pricing theory. This manuscript introduces a novel approach by formulating the classical Black–Scholes equation as a fractional-order equation using the generalized Riemann–Liouville
