Lecture Notes

The Fundamental Theorem of Asset Pricing

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The Fundamental Theorem of Asset Pricing
"These lecture notes treat various versions of the so-called “fundamental theorem of asset pricing”. Many students are familiar with statements about models for financial markets saying that “absence of arbitrage” and the existence of an “equivalent martingale measure” are in some sense equivalent. The purpose of these notes is to present and explain mathematical results making such statements precise"
Harry van Zanten
Added 17 Jan 2009
Updated 17 Jan 2009
Year 2008
Authors Harry van Zanten
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