Book contents
- Frontmatter
- Contents
- Preface
- 1 Introduction
- 2 Finitely Many States and Times
- 3 Countinuous Time and the Black–Scholes–Merton (BSM) Model
- 4 BSM as an Idealization of Binomial-Random-Walk Economies
- 5 General Random-Walk Models
- 6 Barlow’s Example
- 7 The Pötzelberger–Schlumprecht Example and Asymptotic Arbitrage
- 8 Concluding Remarks, Part 1: How Robust an Idealization is BSM?
- 9 Concluding Remarks, Part 2: Continuous-Time Models as Idealizations of Discrete Time
- Appendix
- References
- Author Index
- Subject Index
- Econometric Society Monograph Series
8 - Concluding Remarks, Part 1: How Robust an Idealization is BSM?
Published online by Cambridge University Press: 09 September 2019
Book contents
- Frontmatter
- Contents
- Preface
- 1 Introduction
- 2 Finitely Many States and Times
- 3 Countinuous Time and the Black–Scholes–Merton (BSM) Model
- 4 BSM as an Idealization of Binomial-Random-Walk Economies
- 5 General Random-Walk Models
- 6 Barlow’s Example
- 7 The Pötzelberger–Schlumprecht Example and Asymptotic Arbitrage
- 8 Concluding Remarks, Part 1: How Robust an Idealization is BSM?
- 9 Concluding Remarks, Part 2: Continuous-Time Models as Idealizations of Discrete Time
- Appendix
- References
- Author Index
- Subject Index
- Econometric Society Monograph Series
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- Publisher: Cambridge University PressPrint publication year: 2019