Today was the final exercise session of the semester, thereby brining MAT2700 to an end. Good luck with the exam!

Nov. 24, 2009 10:39 PM

Today I introduced the notion of a martingale measure, demonstrated by means of an example how to determine a martingale measure, and proved that in a multi-period market the absence of arbitrage opportunities is equivalent to the existence of a martingale measure.

Nov. 12, 2009 2:17 PM