Option Pricing with Mandelbrot’s MMAR

Benoit Mandelbrot, the French Mathematician famous for fractals, developed a financial model. This Multifractal Model of Asset Returns (MMAR) is notably more accurate than the traditional option pricing models of Black-Shoals, Binominal, and Monte Carlo Simulation. The reason for this describes Mandelbrot is “the two functions, of time and Brownian motion.”