Efficient Option Pricing in Crisis Based on Dynamic Elasticity of Variance Model

Table 2

Summary MSE of BS, CEV, and DEV models.

Sample	MSE
	BS	CEV	DEV
Oct. 17, 1997–Jun. 16, 1998	5.7601	4.9712	2.3254
Sep. 10, 2001–Jun. 15, 2002	4.4693	4.0320	2.0185
Sep. 16, 2008–Jun. 30, 2009	4.9876	4.1724	2.6968