Đang chuẩn bị liên kết để tải về tài liệu:
Optimal investment in derivative securities

Không đóng trình duyệt đến khi xuất hiện nút TẢI XUỐNG

While the demand for options can arise from many sources, our focus on jumps stems from fundamental considerations regarding the nature of price pro- cesses in an arbitrage-free economy. Recently, Madan [19] has argued that all arbitrage-free continuous time price processes must be both semi-martingales and time-changed Brownian motion. Furthermore, it is argued that if the time change is not locally deterministic, then the resulting price process is discontinuous. If the price is modelled as a pure jump L´ evy process with infinity activity, then the need for a continuous martingale component is obviated, since there will be an infinite number of small jumps in any time interval

TÀI LIỆU LIÊN QUAN

Lecture Investments – Chapter 8: Optimal risky portfolios

Lecture Investments (6/e) - Chapter 8: Optimal risky portfolios

Lecture Investments (6/e) - Chapter 8: Optimal risky portfolios

Ebook Investments (10th edition): Part 1

Ebook Investments (10E): Part 1

Tradeoffs between specific investment and optimal resource allocation: a comparison of different transfer pricing policies

REAL ESTATE INVESTMENT OPPORTUNITIES IN CHINA: HOW RISKY?

Lecture Investments (8th edition): Chapter 7 - Zvi Bodie, Alex Kane, Alan J. Marcus

Lecture Investments (Special Indian Edition): Chapter 7 - Bodie, Kane, Marcus

Lecture Investments (Special Indian Edition): Chapter 24 - Bodie, Kane, Marcus
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.