The Martingale Property of Discounted Stock Prices
Mike, the Mathematician
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The Martingale Property of Discounted Stock Prices
2 723 просмотра · 3 года назад
Mike, the Mathematician
26,2 тыс. подписчиков
2 723 просмотра · 3 года назад
We find the conditional expectation of a stock price at a certain time given information about the price of the stock a moment before. We will find the risk neutral probability under which discounted stock prices are martingales.
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