Lecture

Asset Pricing: Valuation and Arbitrage

In course

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Description

This lecture covers the connection between absence of arbitrage and the solution to an individual's consumption-portfolio problem, the extension of payoff functional to the entire contingent claim space, the fundamental theorem of asset pricing, and the concept of state prices, risk-neutral measure, stochastic discount factor, and pricing kernel.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_9tqpu1z6

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Ontological neighbourhood

Economics

Microeconomics: Financial economics

Linguistics

Theoretical linguistics: Syntax

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