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Girsanov, Numeraires, and All That

By: Patrick S. Hagan (Author) , City University of New York) Lesniewski Andew (Bernard M. Baruch College (Author)

2 in stock

Ksh 4,100.00

Format: Paperback or Softback

ISBN-13: 9781009339285

Publisher: Cambridge University Press

Publication Date: Nov 17th, 2022

Weight: 96 grams

Dimension: 15.20 x 22.80 x 1.00 cms

Category: Economics, Finance, Business & Management

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In this Element the authors review the technique of the change of numeraire in the martingale approach to option pricing. Their intention is to present a reader friendly explanation of the technique itself, and illustrate how it is applied in various fields of quantitative finance as the basis for building option valuation models.

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