Abstract
This (mostly) expository paper describes the importance of hedging to the pricing of modern financial products and how hedging may be achieved even when the traditional Black-Scholes assumptions are absent. Keywords: derivatives; hedging; option-pricing, superhedging; volatility
Volume
28:1
Page
5-16
Year
1998
Categories
Actuarial Applications and Methodologies
Dynamic Risk Modeling
Asset Liability Management (ALM);
Financial and Statistical Methods
Asset and Econometric Modeling
Actuarial Applications and Methodologies
Investments
Actuarial Applications and Methodologies
Ratemaking
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Publications
ASTIN Bulletin
