Item description for Foreign Exchange Option Symmetry by Valery A. Kholodnyi & John F. Price...
Studies the actual financial phenomena underlying the evaluation of financial derivatives, which is today virtually identified with and even replaced by the study of mathematical aspects of stochastic calculus as a model for such phenomena. DLC: Foreign exchange market.
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Studio: World Scientific Publishing Company
Est. Packaging Dimensions: Length: 9.09" Width: 6.32" Height: 0.54" Weight: 0.75 lbs.
Publisher World Scientific Publishing Company
ISBN 9810233620 ISBN13 9789810233624
Reviews - What do customers think about Foreign Exchange Option Symmetry?
New option value relationships Jan 26, 2001
The main thrust of this book is the development of new and powerful symmetry relationships in the values of options in foreign exchange markets. What makes these relationships really interesting -- and useful -- is that the authors show that they are valid in all markets. For example, no assumptions are needed on the existence of probability distributions. The final symmetries are easily understood and introduced using language from physics. This stuff should be in all books on mathematical finance. Traders, financial professionals, students and academics will find this book useful.