Arbitrage Theory in Continuous Time (Oxford Finance Series)的笔记(1)

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  yangsuli

  1. Why assume that F (price of derivative) is smooth? As the price of the underlying assets in not smooth at all? As F is in relative to the stock price S, and even though S is a random process, the dependency on S (in order to satisfy the consistency requirement) is smooth. (更多)

  1. Why assume that F (price of derivative) is smooth? As the price of the underlying assets in not smooth at all?

  As F is in relative to the stock price S, and even though S is a random process, the dependency on S (in order to satisfy the consistency requirement) is smooth. (收起)

  2012-02-09 10:48:47   回应

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