Browsing Acta Universitatis Lodziensis. Folia Oeconomica nr 177/2004 by Subject "financial econometrics"
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(Wydawnictwo Uniwersytetu Łódzkiego, 2004)In this paper option pricing is treated as an application of Bayesian predictive analysis. The distribution of the discounted payoff, induced by the predictive density of future observables, is the basis for direct option ...