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Single-Period Financial Markets,rated in this way it is said to be .. The market is said to be . if every conceivable payoff is replicable. In some sense, this chapter is mainly meant to establish terminology and can be viewed as a dictionary between the language of mathematical finance and that of linear algebra.食品室 发表于 2025-4-1 18:00:15
Fundamental Theorem of Asset Pricing,-free market under which the original basic securities preserve their prices. The other versions of the Fundamental Theorem of Asset Pricing are based on this extension result and provide useful .. The mathematical prerequisites for this chapter have been developed in detail in Chap. ..RAFF 发表于 2025-4-1 21:15:06
Market-Consistent Prices for General Payoffs,ntemplate transacting a nonreplicable payoff is a bounded open interval. We provide a variety of descriptions of this interval. The upper bound is the . and corresponds to the threshold above which no buyer should be willing to transact. The lower bound is the . and corresponds to the threshold below which no seller should be willing to transact.Resection 发表于 2025-4-2 00:24:56
Fundamental Theorem of Asset Pricing,ns of the Fundamental Theorem of Asset Pricing are based on this extension result and provide useful . in terms of Riesz densities. A critical tool will be the extension results for conditional linear functionals established in Chap. ..