Το θεμελιώδες θεώρημα αποτίμησης περιουσιακών στοιχείων
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Subject
Τιμολόγηση ; Χρεόγραφα ; Παράγωγα (Χρηματοοικονομική)Keywords
ArbitrageAbstract
In this thesis, we focus on the study of the Fundamental Theorem of Asset Pricing,
which is the basis of the nowadays pricing of financial instruments and derivatives.
The first Fundamental Theorem of Asset Pricing proved in 1981, establishes the
equivalence between the absence of opportunities of arbitrage and the existence
of equivalent martingale measures, under some specific conditions. We present
a detailed overview of the generalizations of the Theorem until 1994, where the
notion of no arbitrage is replaced by the more general no free lunch and no free lunch
with vanishing risk.
Postgraduate Studies Programme
Αναλογιστική Επιστήμη και Διοικητική ΚινδύνουDepartment
Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Στατιστικής και Ασφαλιστικής ΕπιστήμηςNumber of pages
169Language
GreekCollections
Except where otherwise noted, this item's license is described as
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές