Codex Wiki OurBigBook logoOurBigBook.comSite Source code
In a finite market, absence of arbitrage is equivalent to the existence of an equivalent martingale measure. If that measure is unique, every contingent claim has a unique no-arbitrage price given by its discounted expectation.

Ancestors (5)

  1. Mathematical finance
  2. Mathematical optimization
  3. Area of mathematics
  4. Mathematics
  5. Home