Choosing the More Likely Hypothesis
نویسندگان
چکیده
منابع مشابه
More likely than not
The likelihood ratio method [BG96] provides a tool for the calculation of hedge ratios and risk parameters with Monte Carlo calculations. In this article, we present the extension of existing likelihood ratio methods to multiple underlyings and to higher order sensitivities such as the crossderivatives on the underlyings, and how the method can be used in a displaced diffusion [Rub83] framework...
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ژورنال
عنوان ژورنال: Foundations and Trends® in Econometrics
سال: 2014
ISSN: 1551-3076,1551-3084
DOI: 10.1561/0800000028