Girsanov, Numeraires, and All That
€28.90
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Product Information
| ISBN | 9781009339285 |
|---|---|
| Publisher | Cambridge University Press |
| Price (excl. tax) | €27.26 |
| Tax | €1.64 |
| Price (incl. tax) | €28.90 |
| Availability | 3 units in external warehouse |
Product Description
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.