There are a lot of Quantitative Finance models (e.g. Black-Scholes) which are formulated in terms of partial differential equations. What is a standard approach in Quantitative Finance to solve these ...
So, any European type option we can characterize with a payoff function $P(S)$ where $S$ is a price of an underlying at the maturity. Let us consider some model $M$ such that within this model ...
From what I understand, Black-Scholes equation in finance is used to price options which are a contract between a potential buyer and a seller. Can I use this mathematical framework to "buy" a stock? ...