The Black-Scholes Option Pricing Model has been accused of causing the crisis of the financial markets. This is like accusing the bullet for having killed J. F. Kennedy.
Peter Belohlavek, at The Unicist Research Institute, researched this field validating the formula when integrated with the mathematics provided by the unicist logic in order to transform the systemic solution into an adaptive system solution.
This will help to reopen some doors of the financial markets to sustain growth.
The unicist model was added to the Black-Scholes formula transforming it into an adaptive model that establishes the “possibilities” as a limit for the validity of pricing.
This mathematical solution will be open to the market after its application to decision making in several financial institutions had been developed.
NOTE: The Unicist Research Institute was the pioneer in complexity science research and became the major research organization in the world in the field of human adaptive systems. More than 4,200 unicist ontological researches were developed since 1976 until December 2011 in the field of individual, institutional and social evolution. They included the development of the unicist ontogenetic maps (DNA) of institutions: