A teacher ’ s note on no - arbitrage criteria
نویسندگان
چکیده
We give a new proof of the classical Dalang-Morton-Willinger theorem.
منابع مشابه
No-arbitrage criteria for financial markets with transaction costs and incomplete information
This note deals with criteria of absence of arbitrage opportunities for an investor acting in a market with friction and having a limited access to the information flow. We develop a mathematical scheme covering major models of financial markets with transaction costs and prove several results including a criterion for the robust no-arbitrage property and a hedging theorem.
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تاریخ انتشار 2017