American-Type Options PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download American-Type Options PDF full book. Access full book title American-Type Options by Dmitrii S. Silvestrov. Download full books in PDF and EPUB format.
Author: Dmitrii S. Silvestrov
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110329840
Category : Mathematics
Languages : en
Pages : 572
Get Book Here
Book Description
The book gives a systematical presentation of stochastic approximation methods for discrete time Markov price processes. Advanced methods combining backward recurrence algorithms for computing of option rewards and general results on convergence of stochastic space skeleton and tree approximations for option rewards are applied to a variety of models of multivariate modulated Markov price processes. The principal novelty of presented results is based on consideration of multivariate modulated Markov price processes and general pay-off functions, which can depend not only on price but also an additional stochastic modulating index component, and use of minimal conditions of smoothness for transition probabilities and pay-off functions, compactness conditions for log-price processes and rate of growth conditions for pay-off functions. The volume presents results on structural studies of optimal stopping domains, Monte Carlo based approximation reward algorithms, and convergence of American-type options for autoregressive and continuous time models, as well as results of the corresponding experimental studies.
Author: Dmitrii S. Silvestrov
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110329840
Category : Mathematics
Languages : en
Pages : 572
Get Book Here
Book Description
The book gives a systematical presentation of stochastic approximation methods for discrete time Markov price processes. Advanced methods combining backward recurrence algorithms for computing of option rewards and general results on convergence of stochastic space skeleton and tree approximations for option rewards are applied to a variety of models of multivariate modulated Markov price processes. The principal novelty of presented results is based on consideration of multivariate modulated Markov price processes and general pay-off functions, which can depend not only on price but also an additional stochastic modulating index component, and use of minimal conditions of smoothness for transition probabilities and pay-off functions, compactness conditions for log-price processes and rate of growth conditions for pay-off functions. The volume presents results on structural studies of optimal stopping domains, Monte Carlo based approximation reward algorithms, and convergence of American-type options for autoregressive and continuous time models, as well as results of the corresponding experimental studies.
Author: Patrick Boyle
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 1547401214
Category : Business & Economics
Languages : en
Pages : 298
Get Book Here
Book Description
Trading and Pricing Financial Derivatives is an introduction to the world of futures, options, and swaps. Investors who are interested in deepening their knowledge of derivatives of all kinds will find this book to be an invaluable resource. The book is also useful in a very applied course on derivative trading. The authors delve into the history of options pricing; simple strategies of options trading; binomial tree valuation; Black-Scholes option valuation; option sensitivities; risk management and interest rate swaps in this immensely informative yet easy to comprehend work. Using their vast working experience in the financial markets at international investment banks and hedge funds since the late 1990s and teaching derivatives and investment courses at the Master's level, Patrick Boyle and Jesse McDougall put forth their knowledge and expertise in clearly explained concepts. This book does not presuppose advanced mathematical knowledge, though it is presented for completeness for those that may benefit from it, and is designed for a general audience, suitable for beginners through to those with intermediate knowledge of the subject.
Author: Donna Salopek
Publisher: CRC Press
ISBN: 9780582315945
Category : Mathematics
Languages : en
Pages : 132
Get Book Here
Book Description
An American put option gives its owner the right to sell a share of stock at a given specified price on or before a given date. This book provides a detailed comparison of recent works on the American put option from both theoretical and computational approaches.
Author: Peter D. Salins
Publisher: Plunkett Lake Press
ISBN:
Category : Political Science
Languages : en
Pages : 268
Get Book Here
Book Description
Peter D. Salins, a child of immigrants and a scholar of urban affairs, makes the case that at a time when the immigrant population of the United States is growing larger and more diverse, the nation must rededicate itself to its historic mission of assimilating immigrants of all ethnic backgrounds. He recounts how successive immigrant populations have become Americanized, despite being considered “alien” in their time and how assimilation continues to work among Hispanics and Asians today. America’s vitality as a nation, Salins argues, depends on its being as successful in assimilating its newest immigrants as it was in integrating earlier immigrant groups. “Peter D. Salins... anticipates a multicultural America, but the prospect causes him great distress. In his view, the old assimilationist formula served both immigrants and the nation extremely well.... Salins maintains... that the multiculturalist effort to renegotiate America’s traditional assimilationist contract — English as the national language, liberal democratic principles and the Protestant work ethic — is at the root of much contemporary anxiety over immigration.” — Peter Skerry, The New York Times “Peter Salins’s book... is a labor of love as much as of scholarship... Salins’s whole effort here is to defend the American model of high immigration levels accompanied by unforced but almost irresistible assimilation... [His] diagnosis is powerful and persuasive, and surely the first step is the one he takes: to understand how and why the American model worked so well, and how it is now being threatened.” — Elliot Abrams, The Public Interest “A thorough and convincing examination of assimilation in America: how it worked in the past, why it is necessary for the survival of the nation, and what to do about the recent and ominous assault on it... The author is superb in defining what constitutes assimilation... He also deftly explodes several myths about immigration. Past waves of immigrants, for instance, never surrendered their heritage and continued to speak their native tongue in their neighborhoods. Assimilation, he argues, is a gradual process and doesn’t necessitate abandoning one’s ethnic identity at the door... his book is pragmatic and solid, and should convince many of the value and continuing importance of assimilation.” — Kirkus “[A]n enlightening... book.” — Wall Street Journal “Salins... seeks a middle way between radical multiculturalism and resurgent nativism. That middle way is the ‘immigration contract’ that has long existed between American society and its newcomers. Its terms are a commitment to English as the national language, an acceptance of American values and ideals, and a dedication to the Protestant work ethic. Immigrants who accept these terms are welcomed and allowed to maintain certain elements of their culture, such as food, dress, and holidays. This arrangement, Salins argues, promotes a vibrant ethnicity while protecting against balkanizing ethnocentrism.” — Stephen J. Rockwell, Wilson Quarterly
Author: Henry Crosby Emery
Publisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 256
Get Book Here
Book Description
Author: Marek Capiński
Publisher: Cambridge University Press
ISBN: 1107001692
Category : Business & Economics
Languages : en
Pages : 179
Get Book Here
Book Description
Master the essential mathematical tools required for option pricing within the context of a specific, yet fundamental, pricing model.
Author: Sheryl Sandberg
Publisher: Knopf
ISBN: 1524732699
Category : Biography & Autobiography
Languages : en
Pages : 241
Get Book Here
Book Description
#1 NEW YORK TIMES BEST SELLER • From authors of Lean In and Originals: a powerful, inspiring, and practical book about building resilience and moving forward after life’s inevitable setbacks After the sudden death of her husband, Sheryl Sandberg felt certain that she and her children would never feel pure joy again. “I was in ‘the void,’” she writes, “a vast emptiness that fills your heart and lungs and restricts your ability to think or even breathe.” Her friend Adam Grant, a psychologist at Wharton, told her there are concrete steps people can take to recover and rebound from life-shattering experiences. We are not born with a fixed amount of resilience. It is a muscle that everyone can build. Option B combines Sheryl’s personal insights with Adam’s eye-opening research on finding strength in the face of adversity. Beginning with the gut-wrenching moment when she finds her husband, Dave Goldberg, collapsed on a gym floor, Sheryl opens up her heart—and her journal—to describe the acute grief and isolation she felt in the wake of his death. But Option B goes beyond Sheryl’s loss to explore how a broad range of people have overcome hardships including illness, job loss, sexual assault, natural disasters, and the violence of war. Their stories reveal the capacity of the human spirit to persevere . . . and to rediscover joy. Resilience comes from deep within us and from support outside us. Even after the most devastating events, it is possible to grow by finding deeper meaning and gaining greater appreciation in our lives. Option B illuminates how to help others in crisis, develop compassion for ourselves, raise strong children, and create resilient families, communities, and workplaces. Many of these lessons can be applied to everyday struggles, allowing us to brave whatever lies ahead. Two weeks after losing her husband, Sheryl was preparing for a father-child activity. “I want Dave,” she cried. Her friend replied, “Option A is not available,” and then promised to help her make the most of Option B. We all live some form of Option B. This book will help us all make the most of it.
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309669820
Category : Social Science
Languages : en
Pages : 369
Get Book Here
Book Description
The delivery of high quality and equitable care for both mothers and newborns is complex and requires efforts across many sectors. The United States spends more on childbirth than any other country in the world, yet outcomes are worse than other high-resource countries, and even worse for Black and Native American women. There are a variety of factors that influence childbirth, including social determinants such as income, educational levels, access to care, financing, transportation, structural racism and geographic variability in birth settings. It is important to reevaluate the United States' approach to maternal and newborn care through the lens of these factors across multiple disciplines. Birth Settings in America: Outcomes, Quality, Access, and Choice reviews and evaluates maternal and newborn care in the United States, the epidemiology of social and clinical risks in pregnancy and childbirth, birth settings research, and access to and choice of birth settings.
Author: Harald Niederreiter
Publisher: Springer
ISBN: 9783642187445
Category : Mathematics
Languages : en
Pages : 460
Get Book Here
Book Description
Author: Karel in 't Hout
Publisher: Springer
ISBN: 1137435690
Category : Business & Economics
Languages : en
Pages : 134
Get Book Here
Book Description
This book provides a first, basic introduction into the valuation of financial options via the numerical solution of partial differential equations (PDEs). It provides readers with an easily accessible text explaining main concepts, models, methods and results that arise in this approach. In keeping with the series style, emphasis is placed on intuition as opposed to full rigor, and a relatively basic understanding of mathematics is sufficient. The book provides a wealth of examples, and ample numerical experiments are givento illustrate the theory. The main focus is on one-dimensional financial PDEs, notably the Black-Scholes equation. The book concludes with a detailed discussion of the important step towards two-dimensional PDEs in finance.
