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Host: Fields Institute
Homepage: http://www.fields.utoronto.ca/finance_course.html
Email: finance_course@fields.utoronto.ca
Description:
Why do option prices depend on volatility but not on expected returnsNULL
What is the difference between a Stochastic and a Deterministic integral and why
does it require new techniquesNULL
How can you determine whether theoretical arbitrage opportunities are presentNULL
Why is Brownian motion the basic mathematical object on which much of modern
financial theory is basedNULL
What are Martingales and how do they relate to security pricesNULL
How does Ito's Lemma let one calculate expected values for functions of Brownian
motion?
What is Girsanov?s theorem and why is it so important?
How does one distinguish between real-world and risk-neutral probabilities?
What concepts lie behind the Black-Scholes/Merton formula?
What economic intuition does the model provide?
Speakers: Thomas S. Salisbury, Moshe Arye Milevsky
Date received: September 05, 2000
© 2008 Atlas Conferences Inc.