{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2016:WCYHFKZ73YXRIBND4H7KLXXESR","short_pith_number":"pith:WCYHFKZ7","schema_version":"1.0","canonical_sha256":"b0b072ab3fde2f1405a3e1fea5dee4945233a31d6410975594b616fa6ff3ebe3","source":{"kind":"arxiv","id":"1612.03031","version":1},"attestation_state":"computed","paper":{"title":"Early exercise decision in American options with dividends, stochastic volatility and jumps","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.CP"],"primary_cat":"q-fin.PR","authors_text":"Antonio Cosma, Olivier Scaillet, Paola Pederzoli, Stefano Galluccio","submitted_at":"2016-12-09T14:13:48Z","abstract_excerpt":"Using a fast numerical technique, we investigate a large database of investor suboptimal non-exercise of short maturity American call options on dividend-paying stocks listed on the Dow Jones. The correct modelling of the discrete dividend is essential for a correct calculation of the early exercise boundary as confirmed by theoretical insights. Pricing with stochastic volatility and jumps instead of the Black-Scholes-Merton benchmark cuts by a quarter the amount lost by investors through suboptimal exercise. The remaining three quarters are largely unexplained by transaction fees and may be i"},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"1612.03031","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PR","submitted_at":"2016-12-09T14:13:48Z","cross_cats_sorted":["q-fin.CP"],"title_canon_sha256":"3ee08354689d05871694daf8974cc0490f3755c87399dcb6c90b89dc9be7e896","abstract_canon_sha256":"9ecfc48fa366c0cb347313d984e97418b2793347117f48166dbfef617d93cbb3"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T00:55:27.619836Z","signature_b64":"U2PCWETISiEiGkor1DlDBW0I595TFIbLU7alk4W+PD2AHH9ujgqG9AAry6j4H1hLFjXqnmPaMnfNwkwSwYPsCQ==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"b0b072ab3fde2f1405a3e1fea5dee4945233a31d6410975594b616fa6ff3ebe3","last_reissued_at":"2026-05-18T00:55:27.619344Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T00:55:27.619344Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Early exercise decision in American options with dividends, stochastic volatility and jumps","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.CP"],"primary_cat":"q-fin.PR","authors_text":"Antonio Cosma, Olivier Scaillet, Paola Pederzoli, Stefano Galluccio","submitted_at":"2016-12-09T14:13:48Z","abstract_excerpt":"Using a fast numerical technique, we investigate a large database of investor suboptimal non-exercise of short maturity American call options on dividend-paying stocks listed on the Dow Jones. The correct modelling of the discrete dividend is essential for a correct calculation of the early exercise boundary as confirmed by theoretical insights. Pricing with stochastic volatility and jumps instead of the Black-Scholes-Merton benchmark cuts by a quarter the amount lost by investors through suboptimal exercise. The remaining three quarters are largely unexplained by transaction fees and may be i"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1612.03031","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"1612.03031","created_at":"2026-05-18T00:55:27.619417+00:00"},{"alias_kind":"arxiv_version","alias_value":"1612.03031v1","created_at":"2026-05-18T00:55:27.619417+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1612.03031","created_at":"2026-05-18T00:55:27.619417+00:00"},{"alias_kind":"pith_short_12","alias_value":"WCYHFKZ73YXR","created_at":"2026-05-18T12:30:48.956258+00:00"},{"alias_kind":"pith_short_16","alias_value":"WCYHFKZ73YXRIBND","created_at":"2026-05-18T12:30:48.956258+00:00"},{"alias_kind":"pith_short_8","alias_value":"WCYHFKZ7","created_at":"2026-05-18T12:30:48.956258+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR","json":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR.json","graph_json":"https://pith.science/api/pith-number/WCYHFKZ73YXRIBND4H7KLXXESR/graph.json","events_json":"https://pith.science/api/pith-number/WCYHFKZ73YXRIBND4H7KLXXESR/events.json","paper":"https://pith.science/paper/WCYHFKZ7"},"agent_actions":{"view_html":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR","download_json":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR.json","view_paper":"https://pith.science/paper/WCYHFKZ7","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=1612.03031&json=true","fetch_graph":"https://pith.science/api/pith-number/WCYHFKZ73YXRIBND4H7KLXXESR/graph.json","fetch_events":"https://pith.science/api/pith-number/WCYHFKZ73YXRIBND4H7KLXXESR/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR/action/timestamp_anchor","attest_storage":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR/action/storage_attestation","attest_author":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR/action/author_attestation","sign_citation":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR/action/citation_signature","submit_replication":"https://pith.science/pith/WCYHFKZ73YXRIBND4H7KLXXESR/action/replication_record"}},"created_at":"2026-05-18T00:55:27.619417+00:00","updated_at":"2026-05-18T00:55:27.619417+00:00"}