Honors College Theses

Date

2016

Major

Mathematics (B.S.)

Document Type and Release Option

Thesis (open access)

Faculty Mentor

Enka Lakuriqi

Abstract

First, we present and define the Black-Scholes equation which is used to model assets on the stock market. After that, we derive the heat equation that describes how the temperature increases through a homogeneous material. Finally, we detail how the two equations are related. We introduce and relate the Black-Scholes equation and Heat Equation.

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