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Two similar games in
The basics of derivative pricing in discrete time
Ernest Ho
December 1st, 1998.
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Two similar games in slightly different wordings
A game so simple that you and I must have played before!!!
JUST a slightly reworded version of the previous game!!!
What has gone wrong?
A binomial model for stock market
Introduction
Why is the price right?
Two examples
A forward contract
An option contract
Something mathematical!
A `two-step' model, an illustration of portfolio switching
An open question: is arbitrage free pricing foolproof?
Acknowledgements
References
About this document ...
Birger Bergersen
1998-12-22
