Mô hình rời rạc

Abstract

Abstract: The first chapter Discrete Time Models in Nguyen Van Huu and Vuong Quan Hoang's Mathematical Methods in Finance, written in Vietnamese, published by Vietnam National University Press, Hanoi, Vietnam, March 2007. This beginning chapter discusses discrete time models used widely in financial market literature, which serve like workhorse in financial research and computations. The content focuses on (i) defining the problem of securities pricing and financial sufficiency requirements; (ii) discrete time models in financial options market; (iii) concepts of martingale and arbitrage opportunities; (iv) a brief discussion of the Cox-Ross-Rubinstein model.