Document Type and Release Option
Thesis (open access)
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.
Joyner, Charles D., "Black-Scholes Equation and Heat Equation" (2016). Honors College Theses. 548.