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OPTION PRICING IN INCOMPLETE MARKETS
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OPTION PRICING IN INCOMPLETE MARKETS
Author:YOSHIO MIYAHARA (EN)
A introductory fragment is available
Language of a book: Английский
Publisher: Gardners Books

    This volume offers the reader practical methods to compute the option prices in the incomplete asset markets. The [GLP & MEMM] pricing models are clearly introduced, and the properties of these models are discussed in great detail. It is shown that the geometric Lévy process (GLP) is a typical example of the incomplete market, and that the MEMM (minimal entropy martingale measure) is an extremely powerful pricing measure.This volume also presents the calibration procedure of the [GLP & MEMM] model that has been widely used in the application of practical problems.Contents:Basic Concepts in Mathematical FinanceLévy Processes and Geometric Lévy Process ModelsEquivalent Martingale MeasuresEsscher Transformed Martingale MeasuresMinimax Martingale Measures and Minimal Distance Martingale MeasuresMinimal Distance Martingale Measures for Geometric Lévy ProcessesThe [GLP & MEMM] Pricing ModelCalibration and Fitness Analysis of the [GLP & MEMM] ModelThe [GSP & MEMM] Pricing ModelThe Multi-Dimensional [GLP & MEMM] Pricing ModelReadership: Academics, graduate students and practitioners in mathematical finance.

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