Financial Engineering (I)
Before attempting to read what we have here, students should revise their basic probability and linear algebra first. Financial Engineering (I) #1 – Overview Financial Engineering (I) #2 [...]
Financial Engineering (I) #2 – Introduction to No Arbitrage
Consider the following contract 1. Pay the price p at t=0. 2. Receive at time t=k, k = 1, …, T *Cash flow can be negative So what does the above contract mean? One pays a price p at time in [...]
Financial Engineering (I) #1 – Overview
As some of you observe, I’ve been posting a handful of undergraduate and postgraduate materials or courses here. Some close students also asked me to share more on financial engineering. So [...]