{"id":"https://openalex.org/W2029454282","doi":"https://doi.org/10.1155/2007/39460","title":"Computational Exploration of the Biological Basis of Black-Scholes Expected Utility Function","display_name":"Computational Exploration of the Biological Basis of Black-Scholes Expected Utility Function","publication_year":2007,"publication_date":"2007-02-11","ids":{"openalex":"https://openalex.org/W2029454282","doi":"https://doi.org/10.1155/2007/39460","mag":"2029454282"},"language":"en","primary_location":{"id":"doi:10.1155/2007/39460","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2007/39460","pdf_url":"https://downloads.hindawi.com/archive/2007/039460.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://downloads.hindawi.com/archive/2007/039460.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086095616","display_name":"Sukanto Bhattacharya","orcid":"https://orcid.org/0000-0001-6587-2879"},"institutions":[{"id":"https://openalex.org/I119343350","display_name":"Alaska Pacific University","ror":"https://ror.org/05hz4ph43","country_code":"US","type":"education","lineage":["https://openalex.org/I119343350"]},{"id":"https://openalex.org/I149704539","display_name":"Deakin University","ror":"https://ror.org/02czsnj07","country_code":"AU","type":"education","lineage":["https://openalex.org/I149704539"]}],"countries":["AU","US"],"is_corresponding":true,"raw_author_name":"Sukanto Bhattacharya","raw_affiliation_strings":["Department of Business Administration, Alaska Pacific University, Anchorage, AK 99508","Deakin University"],"affiliations":[{"raw_affiliation_string":"Department of Business Administration, Alaska Pacific University, Anchorage, AK 99508","institution_ids":["https://openalex.org/I119343350"]},{"raw_affiliation_string":"Deakin University","institution_ids":["https://openalex.org/I149704539"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5076789203","display_name":"Kuldeep Kumar","orcid":"https://orcid.org/0000-0003-1597-0950"},"institutions":[{"id":"https://openalex.org/I120125038","display_name":"Bond University","ror":"https://ror.org/006jxzx88","country_code":"AU","type":"education","lineage":["https://openalex.org/I120125038"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Kuldeep Kumar","raw_affiliation_strings":["School of Business, Bond University","Bond Business School"],"affiliations":[{"raw_affiliation_string":"School of Business, Bond University","institution_ids":["https://openalex.org/I120125038"]},{"raw_affiliation_string":"Bond Business School","institution_ids":["https://openalex.org/I120125038"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5086095616"],"corresponding_institution_ids":["https://openalex.org/I119343350","https://openalex.org/I149704539"],"apc_list":null,"apc_paid":null,"fwci":0.8513,"has_fulltext":true,"cited_by_count":4,"citation_normalized_percentile":{"value":0.79994737,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":94},"biblio":{"volume":"2007","issue":null,"first_page":"1","last_page":"15"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9937999844551086,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9937999844551086,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9873999953269958,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9681000113487244,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/basis","display_name":"Basis (linear algebra)","score":0.6318625211715698},{"id":"https://openalex.org/keywords/black\u2013scholes-model","display_name":"Black\u2013Scholes model","score":0.5944448113441467},{"id":"https://openalex.org/keywords/stochastic-game","display_name":"Stochastic game","score":0.5308754444122314},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.49817800521850586},{"id":"https://openalex.org/keywords/replicate","display_name":"Replicate","score":0.4844405949115753},{"id":"https://openalex.org/keywords/black-box","display_name":"Black box","score":0.4813545346260071},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.47717395424842834},{"id":"https://openalex.org/keywords/function","display_name":"Function (biology)","score":0.47414228320121765},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.3988378345966339},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.35222941637039185},{"id":"https://openalex.org/keywords/applied-mathematics","display_name":"Applied mathematics","score":0.3220158815383911},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.23020699620246887},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.1509740948677063}],"concepts":[{"id":"https://openalex.org/C12426560","wikidata":"https://www.wikidata.org/wiki/Q189569","display_name":"Basis (linear algebra)","level":2,"score":0.6318625211715698},{"id":"https://openalex.org/C163128081","wikidata":"https://www.wikidata.org/wiki/Q1338307","display_name":"Black\u2013Scholes model","level":3,"score":0.5944448113441467},{"id":"https://openalex.org/C22171661","wikidata":"https://www.wikidata.org/wiki/Q1074380","display_name":"Stochastic game","level":2,"score":0.5308754444122314},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.49817800521850586},{"id":"https://openalex.org/C2781162219","wikidata":"https://www.wikidata.org/wiki/Q26250693","display_name":"Replicate","level":2,"score":0.4844405949115753},{"id":"https://openalex.org/C94966114","wikidata":"https://www.wikidata.org/wiki/Q29256","display_name":"Black box","level":2,"score":0.4813545346260071},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.47717395424842834},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.47414228320121765},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3988378345966339},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.35222941637039185},{"id":"https://openalex.org/C28826006","wikidata":"https://www.wikidata.org/wiki/Q33521","display_name":"Applied mathematics","level":1,"score":0.3220158815383911},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.23020699620246887},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.1509740948677063},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1155/2007/39460","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2007/39460","pdf_url":"https://downloads.hindawi.com/archive/2007/039460.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"},{"id":"pmh:oai:https://pure.bond.edu.au/:publications/b312be7f-f537-4f4c-a094-9b46992cbafe","is_oa":false,"landing_page_url":"https://research.bond.edu.au/en/publications/b312be7f-f537-4f4c-a094-9b46992cbafe","pdf_url":null,"source":{"id":"https://openalex.org/S4306402608","display_name":"Bond University Research Portal (Bond University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I120125038","host_organization_name":"Bond University","host_organization_lineage":["https://openalex.org/I120125038"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Bhattacharya, S & Kumar, K 2007, 'Computational exploration of the biological basis of black-scholes expected utility function', Journal of Applied Mathematics and Decision Sciences, vol. 2007, 39460. https://doi.org/10.1155/2007/39460","raw_type":"info:eu-repo/semantics/publishedVersion"},{"id":"pmh:oai:doaj.org/article:502d4f04ebbc42609f3a71fabb64bd0a","is_oa":true,"landing_page_url":"https://doaj.org/article/502d4f04ebbc42609f3a71fabb64bd0a","pdf_url":null,"source":{"id":"https://openalex.org/S112646816","display_name":"SHILAP Revista de lepidopterolog\u00eda","issn_l":"0300-5267","issn":["0300-5267","2340-4078"],"is_oa":true,"is_in_doaj":true,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences, Vol 2007 (2007)","raw_type":"article"},{"id":"pmh:oai:dro.deakin.edu.au:DU:30035231","is_oa":false,"landing_page_url":null,"pdf_url":null,"source":{"id":"https://openalex.org/S4306402457","display_name":"Deakin Research Online (Deakin University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I149704539","host_organization_name":"Deakin University","host_organization_lineage":["https://openalex.org/I149704539"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal Article"},{"id":"pmh:oai:epublications.bond.edu.au:business_pubs-1349","is_oa":false,"landing_page_url":"http://epublications.bond.edu.au/business_pubs/346","pdf_url":null,"source":{"id":"https://openalex.org/S4306401894","display_name":"e-publications@bond (Bond University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I120125038","host_organization_name":"Bond University","host_organization_lineage":["https://openalex.org/I120125038"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Bond Business School Publications","raw_type":"text"},{"id":"pmh:oai:https://pure.bond.edu.au/:publications/b312be7f-f537-4f4c-a094-9b46992cbafe","is_oa":false,"landing_page_url":"http://www.scopus.com/inward/record.url?scp=34247394086&partnerID=8YFLogxK","pdf_url":null,"source":{"id":"https://openalex.org/S4306402608","display_name":"Bond University Research Portal (Bond University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I120125038","host_organization_name":"Bond University","host_organization_lineage":["https://openalex.org/I120125038"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Bhattacharya , S & Kumar , K 2007 , ' Computational exploration of the biological basis of black-scholes expected utility function ' , Journal of Applied Mathematics and Decision Sciences , vol. 2007 , 39460 . https://doi.org/10.1155/2007/39460","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2007/39460","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2007/39460","pdf_url":"https://downloads.hindawi.com/archive/2007/039460.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2029454282.pdf"},"referenced_works_count":10,"referenced_works":["https://openalex.org/W582519636","https://openalex.org/W1497256448","https://openalex.org/W1525859308","https://openalex.org/W1552108148","https://openalex.org/W2029650935","https://openalex.org/W2054211735","https://openalex.org/W2077791698","https://openalex.org/W2096561602","https://openalex.org/W2174144721","https://openalex.org/W3023540311"],"related_works":["https://openalex.org/W4254851101","https://openalex.org/W3171007296","https://openalex.org/W22115721","https://openalex.org/W2211931904","https://openalex.org/W2321234655","https://openalex.org/W2065444835","https://openalex.org/W2470062578","https://openalex.org/W2952773340","https://openalex.org/W2981861370","https://openalex.org/W2369319632"],"abstract_inverted_index":{"It":[0],"has":[1,57],"often":[2],"been":[3,58],"argued":[4],"that":[5,83,98],"there":[6],"exists":[7],"an":[8],"underlying":[9],"biological":[10,33],"basis":[11,34],"of":[12,18,35,52,63,81,124,128],"utility":[13],"functions.":[14],"Taking":[15],"this":[16,24,109],"line":[17],"argument":[19],"a":[20,64,79,91,119],"step":[21],"further":[22],"in":[23],"paper,":[25],"we":[26],"have":[27],"aimed":[28],"to":[29,42,72,86,101,118],"computationally":[30,59],"demonstrate":[31],"the":[32,36,53,74,88,113,125],"Black-Scholes":[37,55,115,129],"functional":[38,96],"form":[39,97],"as":[40],"applied":[41],"classical":[43,54,114],"option":[44],"pricing":[45],"and":[46],"hedging":[47,76],"theory.":[48],"The":[49,69,95],"evolutionary":[50],"optimality":[51],"function":[56,116],"established":[60],"by":[61],"means":[62],"haploid":[65],"genetic":[66],"algorithm":[67],"model.":[68],"objective":[70,111],"was":[71],"minimize":[73],"dynamic":[75],"error":[77],"for":[78],"portfolio":[80],"assets":[82],"is":[84,99,112],"built":[85],"replicate":[87],"payoff":[89],"from":[90],"European":[92],"multi-asset":[93],"option.":[94],"seen":[100],"evolve":[102],"over":[103],"successive":[104],"generations":[105],"which":[106],"best":[107],"attains":[108],"optimization":[110],"extended":[117],"multiasset":[120],"scenario.":[121],"Computational":[122],"Exploration":[123],"Biological":[126],"Basis":[127],"Expected":[130],"Utility":[131],"Function":[132]},"counts_by_year":[{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-04-04T16:13:02.066488","created_date":"2025-10-10T00:00:00"}