日内欧式期权定价的简约模型
A parsimonious model for intraday European option pricing
摘要：
纯跳跃扩散（复合更新过程）的随机模型可以作为零阶近似和逐点价格波动的唯象描述。这就导出了欧式看涨期权鞅价格的一个精确而显式的一般公式。这一结果的一个完整的推导是通过初等概率工具。
英文摘要：
A stochastic model for pure-jump diffusion (the compound renewal process) can be used as a zero-order approximation and as a phenomenological description of tick-by-tick price fluctuations. This leads to an exact and explicit general formula for the martingale price of a European call option. A complete derivation of this result is presented by means of elementary probabilistic tools.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
