intTypePromotion=1
ADSENSE

Steven Shreve: Stochastic Calculus and Finance - 1997

Chia sẻ: Nguyễn Họa My | Ngày: | Loại File: PDF | Số trang:348

60
lượt xem
8
download
 
  Download Vui lòng tải xuống để xem tài liệu đầy đủ

The binomial asset pricing model provides a powerful tool to understand arbitrage pricing theory and probability theory. In this course, we shall use it for both these purposes. In the binomial asset pricing model, we model stock prices in discrete time, assuming that at each step, the stock price will change to one of two possible values. Let us begin with an initial positive stock price S0. There are two positive numbers, d and u, with 0

Chủ đề:
Lưu

Nội dung Text: Steven Shreve: Stochastic Calculus and Finance - 1997

ADSENSE

CÓ THỂ BẠN MUỐN DOWNLOAD

 

Đồng bộ tài khoản
2=>2