Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
Lecture
Asset Pricing: Valuation and Arbitrage
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.
Official source
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.