Entreaty
发表于 2025-3-26 21:32:03
Springer Financehttp://image.papertrans.cn/c/image/237037.jpg
急性
发表于 2025-3-27 04:12:48
Continuous-Time Asset Pricing Theory978-3-030-74410-6Series ISSN 1616-0533 Series E-ISSN 2195-0687
忍受
发表于 2025-3-27 08:02:32
Fundamentale verteilte Algorithmen, 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. The material in this chapter is based on the papers by Jarrow, Protter, and Shimbo.
AMOR
发表于 2025-3-27 12:47:01
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小步走路
发表于 2025-3-27 14:24:10
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antedate
发表于 2025-3-27 19:37:43
A Representative Trader Economyypothetical individual whose trades, in a sense to be made precise below, reflect the aggregate trades of all individuals in the economy. A representative trader is defined by her beliefs, utility function, and endowments, which are constructed by aggregating the beliefs, utility functions, and endowments of all the traders in the economy.
先驱
发表于 2025-3-27 23:09:23
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Lumbar-Spine
发表于 2025-3-28 05:25:12
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非实体
发表于 2025-3-28 09:28:14
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连词
发表于 2025-3-28 12:03:26
https://doi.org/10.1007/978-3-322-94014-8ive markets, and assuming a complete market, this is the most general arbitrage-free pricing model possible with a stochastic term structure of interest rates. This model, with appropriate modifications, can also be used to price derivatives whose values depend on a term structure of underlying asse