Who measured risk as coherent in finance theory
Who measured risk as coherent, in finance theory?
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Artzner et al., in 1997 proposed a set of properties which a measure of risk must satisfy for this to be sensible. This risk measures are termed as coherent.
Banks determine it essential to accommodate their client's needs to purchase or sell foreign exchange forward, in several instances for hedging purposes. How can the bank abolish the currency exposure it has formed for itself by accommodating a client's forw
How is the option hedged?
What are Uses of Wiener Process/Brownian Motion in Finance? Answer: This is the most common stochastic building block for random walks within finance.<
Illustrates an example of Monte Carlo Simulation?
Explain the dissimilarities in a cash budget and pro forma financial statements? Why pro forma financial statements are not utilized to forecast cash requirements.
How are you able to measure real probabilities?
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Who proposed a scientific foundation for Brownian motion?
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Explain the Discrete/Continuous modelling approach in Quantitative Finance.
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