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Game Theory Analysis of Options
Alexandre C. Ziegler
€ 197.64
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Description for Game Theory Analysis of Options
Hardback. This book shows how to combine game theory and option pricing in order to analyze dynamic multiperson decision problems in continuous time and under uncertainty. The basic intuition of the method is to separate the problem of the valuation of payoffs from the analysis of strategic interactions. Series: Springer Finance. Num Pages: 192 pages, biography. BIC Classification: KFF; PBUD. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 12. Weight in Grams: 400.
Modern option pricing theory was developed in the late sixties and early seventies by F. Black, R. e. Merton and M. Scholes as an analytical tool for pricing and hedging option contracts and over-the-counter warrants. How ever, already in the seminal paper by Black and Scholes, the applicability of the model was regarded as much broader. In the second part of their paper, the authors demonstrated that a levered firm's equity can be regarded as an option on the value of the firm, and thus can be priced by option valuation techniques. A year later, Merton showed how the default ... Read more
Modern option pricing theory was developed in the late sixties and early seventies by F. Black, R. e. Merton and M. Scholes as an analytical tool for pricing and hedging option contracts and over-the-counter warrants. How ever, already in the seminal paper by Black and Scholes, the applicability of the model was regarded as much broader. In the second part of their paper, the authors demonstrated that a levered firm's equity can be regarded as an option on the value of the firm, and thus can be priced by option valuation techniques. A year later, Merton showed how the default ... Read more
Product Details
Format
Hardback
Publication date
2004
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
192
Condition
New
Series
Springer Finance
Number of Pages
176
Place of Publication
Berlin, Germany
ISBN
9783540206682
SKU
V9783540206682
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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