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The Neoclassical Asset Pricing with Special Reference to Black- Scholes Option Pricing

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  • Amaresh Das

Abstract

The idea of dividends and returns discounted infinitely into the future for a financial asset is very shaky, because it makes impossible information demands on our knowledge of future dividends and returns. The idea that the market knows best is a neoclassical assumption based on the implicit belief that an ‘invisible hand’ stabilizes the market and always swings it to equilibrium. The idea should be effectively realizable in practice or else it does not belong in a theory.

Suggested Citation

  • Amaresh Das, 2016. "The Neoclassical Asset Pricing with Special Reference to Black- Scholes Option Pricing," International Journal of Financial Markets, Research Academy of Social Sciences, vol. 2(1), pages 16-23.
    • Handle: RePEc:rss:jnljfm:v2i1p3
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