@article{(Open Science Index):https://publications.waset.org/pdf/1530,
	  title     = {A Dynamic Hybrid Option Pricing Model by Genetic Algorithm and Black- Scholes Model},
	  author    = {Yi-Chang Chen and  Shan-Lin Chang and  Chia-Chun Wu},
	  country	= {},
	  institution	= {},
	  abstract     = {Unlike this study focused extensively on trading
behavior of option market, those researches were just taken their
attention to model-driven option pricing. For example, Black-Scholes
(B-S) model is one of the most famous option pricing models.
However, the arguments of B-S model are previously mentioned by
some pricing models reviewing. This paper following suggests the
importance of the dynamic character for option pricing, which is also
the reason why using the genetic algorithm (GA). Because of its
natural selection and species evolution, this study proposed a hybrid
model, the Genetic-BS model which combining GA and B-S to
estimate the price more accurate. As for the final experiments, the
result shows that the output estimated price with lower MAE value
than the calculated price by either B-S model or its enhanced one,
Gram-Charlier garch (G-C garch) model. Finally, this work would
conclude that the Genetic-BS pricing model is exactly practical.},
	    journal   = {International Journal of Economics and Management Engineering},
	  volume    = {4},
	  number    = {9},
	  year      = {2010},
	  pages     = {2000 - 2003},
	  ee        = {https://publications.waset.org/pdf/1530},
	  url   	= {https://publications.waset.org/vol/45},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 45, 2010},
	}