Abstract
A standard option has some well-defined properties:
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- 1.
See http://www.smhi.se/klimatdata/meteorologi/temperatur/stockholms-temperaturserie-1.2847. From 1756 to 1875 the thermometer was hung in the free air outside a north-facing window on the second floor of the old astronomical observatory building in Stockholm. From 1876 to 1960 the thermometer was placed outside a north-facing window on the first floor of the old astronomical observatory building in Stockholm. From 1961 to summer 2006 the thermometer was placed in a SMHI-screen (Stevenson-type screen) about ten meters north-east of the former position. Since summer 2006, a platinum resistance thermometer in a modern cylindrical screen close to the SMHI-screen replaced the mercury thermometer in the SMHI-screen.
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Röman, J.R.M. (2017). Exotic Options. In: Analytical Finance: Volume I. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-34027-2_6
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DOI: https://doi.org/10.1007/978-3-319-34027-2_6
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