The Theory of Arbitrage and the Valuation of Assets: A ReviewGraduate School of Business and Public Administration, Cornell University, 1980 - Arbitrage - 15 pages |
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11 Dyckman A₁ absence of arbitrage adapted to Ft AɛF arbitrage opportunity arbitrage portfolio arbitrary asset assumption is required avoid arbitrage Capital market cash flows concept Conjoint Analysis CORNELL UNIVERSITY LIBRARY corollary defined DEFINITION discrete Dothan and Williams equations equilibrium prices examine the implications Figure Finance financial securities finite state space Formulation frictionless markets future Garman Gautschi Harrison and Kreps Hedged Portfolio Argument Hierarchical Inference information set initial investment investor market is devoid McClain Merton 12 Models nominal riskless option P(w₁ paper payouts perfectly correlated portfolio e exists portfolio e satisfies positive presents the notation probability measure probability space proof Research and Development Review Robert Jarrow riskless asset Ross Rudd satisfies the following section presents security prices Shefrin stochastic processes Strategy terminal value Thaler theorem Theory of Arbitrage three conditions trading Valuation of Assets vector z(t,w Vithala w₁ Weiss zero νεο