| 期刊全稱(chēng) | Binomial Models in Finance | | 影響因子2023 | John Hoek,Robert J. Elliott | | 視頻video | http://file.papertrans.cn/187/186315/186315.mp4 | | 發(fā)行地址 | Some of the developments and formulae appear here for the first time in book form.Includes supplementary material: | | 學(xué)科分類(lèi) | Springer Finance | | 圖書(shū)封面 |  | | 影響因子 | This book describes the modelling of prices of ?nancial assets in a simple d- crete time, discrete state, binomial framework. By avoiding the mathematical technicalitiesofcontinuoustime?nancewehopewehavemadethematerial accessible to a wide audience. Some of the developments and formulae appear here for the ?rst time in book form. We hope our book will appeal to various audiences. These include MBA s- dents,upperlevelundergraduatestudents,beginningdoctoralstudents,qu- titative analysts at a basic level and senior executives who seek material on new developments in ?nance at an accessible level. The basic building block in our book is the one-step binomial model where a known price today can take one of two possible values at a future time, which might, for example, be tomorrow, or next month, or next year. In this simple situation “risk neutral pricing” can be de?ned and the model can be applied to price forward contracts, exchange rate contracts and interest rate derivatives. In a few places we discuss multinomial models to explain the notions of incomplete markets and how pricing can be viewed in such a context, where unique prices are no longer available. The simple one-period fr | | Pindex | Book 2006 |
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