Weather forecasts, Weather derivatives, Black-Scholes, Feynmann-Kac and Fokker-Planck
arXiv:physics/0312125
Abstract
We investigate the relationships between weather forecasting, weather derivatives, the Black-Scholes equation, Feynmann-Kac theory and the Fokker-Planck equation. There is one useful result, but on the whole the relations we present seem to be more interesting than practically useful.