You can also use nonstandard analysis to derive Black-Scholes, replacing stochas... | Hacker News

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		erehweb on Oct 5, 2024 \| parent \| context \| favorite \| on: An Intuitive Explanation of Black–Scholes You can also use nonstandard analysis to derive Black-Scholes, replacing stochastic calculus by a random walk with infinitesimal steps. https://ieeexplore.ieee.org/document/261595 (don't see an ungated version)

jesuslop on Oct 5, 2024 [–]

The "Loeb Measures in Practice" book also by Cutland has a survey chapter.

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