Today I introduced the basic …

Today I introduced the basic notation and definitions regarding single period markets, which were illustrated on a couple of simple examples. We discussed the numeraire (in particular the choice of the bank as the basic unit) and introduced the notion of a "dominant trading strategy", for which we proved several equivalent formulations.

Published Aug. 25, 2009 6:27 PM - Last modified Nov. 24, 2009 10:40 PM