✦ LIBER ✦
The value of a statistical life: a comparison of two approaches : 074096 (E60,B10) Lanoie P., Pedro C., Latour R., Ecoles des Hautes Etudes Commerciales, Québec, Journal of Risk and Uncertainty, Vol. 10, nr. 3, 1995, pp. 235–257
- Book ID
- 104299583
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 113 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0167-6687
No coin nor oath required. For personal study only.
✦ Synopsis
Reviews 2.51
how certain American type options on two stocks (for example, the perpetual Margrabe option) can be priced. Applying the optional sampling theorem to certain martingales (which resemble the exponential martingale in ruin theory), we obtain several explicit results without having to deal with differential equations.