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Design and Pricing of the Option Product on Stand-up Comedians’ Influence

Year: 2025
Type: article
Abstract: This paper focuses on the emerging development needs of the stand-up comedy industry and proposes an innovative financial tool—stand-up comedians’ influence option. The instrument is designed with the objectives of providing investors with risk hedging and profit opportunities through quantifying the multi-dimensional influence of comedians, while facilitating the standardized development of the stand-up comedy industry. First, the paper systematically reviews the development history and market potential of the stand-up comedy industry, and identifies key challenges in the current market, including insufficient liquidity and data deviations; second, it elaborates on the design of underlying assets—based on three influence indicators (content, communication, and business)—as well as contract specifications (including European-style options, over-the-counter trading, maturity date setting and so on), trading participants, and margin mechanisms; third, the paper constructs a risk management system encompassing volatility control, the margin system, and dynamic adjustment of influence indicators; finally, it assesses the feasibility and industry significance of the proposed influence option to provide references for the financial innovation and the sustainable development of the stand-up comedy industry.
Author: Zijie Yan
Institution: Zhejiang University
Language: English
Subfield: Finance
Open Access status: hybrid
OpenAlex ID: W4415166465
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