合理信念下選擇權之財務創新與定價
Other Title
Financial Innovation and Pricing of Options with Rational Beliefs
Date Issued
2002
Date
2002
Author(s)
巫和懋
DOI
902416H002001
Abstract
The purpose of this research is to study
financial innovation of options when
participants in the financial markets have
heterogenous beliefs. The traditional models
of uncertainty usually assume complete
markets with as many assets as uncertain
contingencies. Such a framework of analysis ignores many important phenomena and
financial innovation is one of them. Since
risk sharing is clearly less than complete in
practice, the most recent research in finance
theory has turned its focus to incomplete
asset markets and financial innovation. In
this research project we study how financial
innovation and pricing of options are
influenced by participants’ heterogenous
beliefs.
Subjects
Financial Innovation
Incomplete
Asset Markets
Asset Markets
Heterogenous
Beliefs
Beliefs
Options
Publisher
臺北市：國立臺灣大學國際企業學系暨研究所
Type
report
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