Refet PolatTurgut OzisOzis, T.Polat, R.2025-10-062014168335111683-35112-s2.0-84983559875https://www.scopus.com/inward/record.uri?eid=2-s2.0-84983559875&partnerID=40&md5=3b4e0324643b1e70031ed10753601972https://gcris.yasar.edu.tr/handle/123456789/10007In this study we consider continuous groups of transformations acting on expanded space of variables which includes the equation parameters in addition to independent and dependent variables. We have shown that the use of the expanded transformations and similarity reductions enable us to reduce celebrity Black-Scholes equation to formerly unknown reduced (target) ordinary differential equations. Moreover the obtained reduced ordinary equations are used to find the exact solution of celebrity Black-Scholes equation in finance. © 2023 Elsevier B.V. All rights reserved.Englishinfo:eu-repo/semantics/closedAccessBlack-scholes Equation, Continuous Groups Of Transformations, Expanded Lie Group Transformations, Reduction FormContinuous Groups of TransformationsBlack-Scholes EquationExpanded Lie Group TransformationsReduction FormArticle