不法行为
发表于 2025-3-28 18:26:54
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兴奋过度
发表于 2025-3-28 21:05:13
The Black–Scholes–Merton ModelThis chapter presents the seminal Black–Scholes–Merton (BSM) model for pricing options. Since this chapter is a special case of the material contained in Sect. . in the fundamental theorems Chap. ., the presentation will be brief.
Inveterate
发表于 2025-3-28 23:22:02
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粗糙滥制
发表于 2025-3-29 06:42:26
Incomplete MarketsThis chapter studies the arbitrage-free pricing of derivatives in an incomplete market satisfying NFLVR. This chapter is a modest generalization of the presentation contained in Pham (Continuous time stochastic control and optimization with financial applications. Springer, Berlin, 2009) to discontinuous risky asset price processes.
前面
发表于 2025-3-29 09:01:44
Complete Markets (Utility over Terminal Wealth)This chapter studies an individual’s portfolio optimization problem. In this optimization, the solution differs depending on whether the market is complete or incomplete. This chapter investigates the optimization problem in a complete markets setting, and the next chapter analyzes incomplete markets.
惊惶
发表于 2025-3-29 12:42:21
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秘密会议
发表于 2025-3-29 17:53:14
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FLINT
发表于 2025-3-29 23:28:13
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陈腐的人
发表于 2025-3-30 02:23:05
Asset Price Bubbles They are motivated by the First and Third Fundamental Theorems, which show that NFLVR only implies the existence of a local martingale measure and not a martingale measure. Asset price bubbles clarify the economic meaning of this difference.
vertebrate
发表于 2025-3-30 06:44:21
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