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1Attributive Designating a mathematical model for calculating the value of stock options, as "Black–Scholes model", "Black–Scholes option pricing model", etc. Also: designating the formula or equation used in this model, as "Black-Scholes equation", "Black-Scholes formula", etc.
2Without article: the Black–Scholes option pricing model.
1970s; earliest use found in Journal of Finance. From the name of Fischer Sheffey Black, U.S. economist + the name of Myron Samuel Scholes (b. 1941), Canadian-born U.S. economist, who jointly devised and published the model.
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