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文章基本信息

  • 标题:Nonparametric statistical methods and the pricing of derivative securities
  • 本地全文:下载
  • 作者:Rüdiger Kiesel
  • 期刊名称:Advances in Decision Sciences
  • 印刷版ISSN:2090-3359
  • 电子版ISSN:2090-3367
  • 出版年度:2002
  • 卷号:6
  • 期号:1
  • 页码:1-22
  • DOI:10.1155/S1173912602000019
  • 出版社:Hindawi Publishing Corporation
  • 摘要:

    In this review paper we summarise several nonparametric methods recently applied to the pricing of financial options. After a short introduction to martingale-based option pricing theory, we focus on two possible fields of application for nonparametric methods: the estimation of risk-neutral probabilities and the estimation of the dynamics of the underlying instruments in order to construct an internally consistent model.

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