摘要
Binomialno-arbitragepricehaveamethodisthetraditionalapproachforderivativepricing,whichis,thecompletemodel,whichmakespossibletheperfectreplicationinthemarket.Riskneutralpricingisanappropriatemethodofassetpricinginacompletemarket.Wehavediscussedanincompletemarket,anon-transactionassetthatproducesincompletenessofthemarket.Aneffectivemethodofassetpricinginincompletemarketsistheundifferentiatedpricingmethod.ThistechniquewasfirstlyintroducedbyBernoulliin(1738)thesenseofgambling,lotteryandtheirexpectedreturn.Itisusedtocommandinvestors'preferencesandbetterreturnstheresultstheyexpect.Inaddition,wealsodiscusstheutilityfunction,whichisthecoreelementoftheundifferentiatedpricing.Wealsostudiedsomeimportantbehaviorpreferencesofagents,andinjectedexponentialeffectofriskaversioninthemodel,sothatthemodelwasnonlinearintheprocessofclaimsettlement.
出版日期
2018年01月11日(中国期刊网平台首次上网日期,不代表论文的发表时间)