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Volatility Risk

  • Marek Musiela
  • Marek Rutkowski
Part of the Stochastic Modelling and Applied Probability book series (SMAP, volume 36)

Loosely speaking, a model of financial security can be often identified with the following three components: an underlying variable, a mechanism used to reflect the uncertainty with regard to the future value of this variable and, last but not least, arbitrage-free considerations.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2005

Authors and Affiliations

  • Marek Musiela
    • 1
  • Marek Rutkowski
    • 2
  1. 1.BNP ParibasLondonUK
  2. 2.Inst. MathematicsTechnical University WarszawaWarszawaPoland

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