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Author: Martin Mandler Publisher: Springer Science & Business Media ISBN: 3642574289 Category : Business & Economics Languages : en Pages : 227
Book Description
This book is a slightly revised version of my doctoral dissertation which has been accepted by the Department of Economics and Business Administration of the Justus-Liebig-Universitat Giessen in July 2002. I am indebted to my advisor Prof. Dr. Volbert Alexander for encouraging and supporting my research. I am also grateful to the second member of the doctoral committee, Prof. Dr. Horst Rinne. Special thanks go to Dr. Ralf Ahrens for providing part of the data and to my colleague Carsten Lang, who spent much time reading the complete first draft. Wetzlar, January 2003 Martin Mandler Contents 1 Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Part I Theoretical Foundations 2 Arbitrage Pricing and Risk-Neutral Probabilities........ .. 7 2.1 Arbitrage Pricing in the Black/Scholes-Merton Model... . . .. . 7 2.2 The Equivalent Martingale Measure and Risk-Neutral Valuation ............................................... 11 2.3 Extracting Risk-Neutral Probabilities from Option Prices. . . .. 13 2.4 Summary............................................... 15 Appendix 2A: The Valuation Function in the Black/Scholes-Merton Model .................................................. 16 Appendix 2B: Some Further Details on the Replication Strategy ... 21 3 Survey of the Related Literature .......................... 23 3.1 The Information Content of Forward and Futures Prices. . . .. . 24 3.2 The Information Content of Implied Volatilities ............. 25 3.2.1 Implied Volatilities and the Risk-Neutral Probability Density .......................................... 27 3.2.2 The Term Structure of Implied Volatilities. . . . . . . .. . . 29 . 3.2.3 The Forecasting Information in Implied Volatilities. . .. 30 3.2.4 Implied Correlations as Forecasts of Future Correlations 43 VIII Contents 3.3 The Skewness Premium ..... . . . . . . . . . . . . . . . . . . .. . . 45 . . . . . . .
Author: Martin Mandler Publisher: Springer Science & Business Media ISBN: 3642574289 Category : Business & Economics Languages : en Pages : 227
Book Description
This book is a slightly revised version of my doctoral dissertation which has been accepted by the Department of Economics and Business Administration of the Justus-Liebig-Universitat Giessen in July 2002. I am indebted to my advisor Prof. Dr. Volbert Alexander for encouraging and supporting my research. I am also grateful to the second member of the doctoral committee, Prof. Dr. Horst Rinne. Special thanks go to Dr. Ralf Ahrens for providing part of the data and to my colleague Carsten Lang, who spent much time reading the complete first draft. Wetzlar, January 2003 Martin Mandler Contents 1 Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Part I Theoretical Foundations 2 Arbitrage Pricing and Risk-Neutral Probabilities........ .. 7 2.1 Arbitrage Pricing in the Black/Scholes-Merton Model... . . .. . 7 2.2 The Equivalent Martingale Measure and Risk-Neutral Valuation ............................................... 11 2.3 Extracting Risk-Neutral Probabilities from Option Prices. . . .. 13 2.4 Summary............................................... 15 Appendix 2A: The Valuation Function in the Black/Scholes-Merton Model .................................................. 16 Appendix 2B: Some Further Details on the Replication Strategy ... 21 3 Survey of the Related Literature .......................... 23 3.1 The Information Content of Forward and Futures Prices. . . .. . 24 3.2 The Information Content of Implied Volatilities ............. 25 3.2.1 Implied Volatilities and the Risk-Neutral Probability Density .......................................... 27 3.2.2 The Term Structure of Implied Volatilities. . . . . . . .. . . 29 . 3.2.3 The Forecasting Information in Implied Volatilities. . .. 30 3.2.4 Implied Correlations as Forecasts of Future Correlations 43 VIII Contents 3.3 The Skewness Premium ..... . . . . . . . . . . . . . . . . . . .. . . 45 . . . . . . .
Author: Robert Davis Publisher: iUniverse ISBN: 1491736798 Category : Fiction Languages : en Pages : 355
Book Description
In the kingdom of Ra, eighteen-year-old Dan is an accomplished warrior, co-leader of his sibling group, the Hammer-Axe Six, and in line to become the king of Ra. In order to succeed, the three-time Hammer-Axe champion and warlord needs a great conquest to provide him with credibility. Led by his inherited warrior heart, Dan begins to plan an attack on the Southern Jungle. Unexpectedly, the Hammer-Axe Six are confronted and then mentally controlled by a group of telepaths called the Tat. The Tat are determined to eliminate the Hammer-Axe Six, at all cost, in order to prevent war. In addition, a Lightning Jinn is trying to intervene for purposes unknown to Dan. Consequently, an avalanche of unforeseen events takes place. As Dans blind ambition leads him to take on risky challenges, turmoil builds and leads to cavalier behavior as he wonders whether he can live up to everyones expectations. However, one thing is certain: he cannot fulfill his destiny without help from the Hammer-Axe Six. In this exciting fantasy, only time will tell if a young warrior destined to become a king will succumb to his inner urges and change his fate forever.
Author: Steven G. Rogelberg Publisher: ISBN: 0190689218 Category : Business & Economics Languages : en Pages : 193
Book Description
No organization made up of human beings is immune from the all-too-common meeting gripes: those that fail to engage, those that inadvertently encourage participants to tune out, and those that blatantly disregard participants' time. In The Surprising Science of Meetings, Steven G. Rogelberg draws from extensive research, analytics and data mining, and survey interviews to share the proven techniques that help managers and employees change the way they run meetings and upgrade the quality of their working hours.
Author: Antony Jay Publisher: Harvard Business Review Press ISBN: 1633691357 Category : Business & Economics Languages : en Pages : 88
Book Description
What makes for a great meeting? As a leader, how can you keep discussions on point and productive? In How to Run a Meeting, Antony Jay argues that too many leaders fail to plan adequately for meetings. In this bestselling article, he defines the characteristics that contribute to success, from keeping formal minutes to acknowledging junior staff first. These guidelines will help you get demonstrably better results from every meeting you run. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
Author: Wayne W. Lamson Publisher: Tate Publishing ISBN: 1617395978 Category : Fiction Languages : en Pages : 300
Book Description
Pap set off to one side just listenin' to both sides of that conversation. He had a real big smile on his face, but he had nothin' to say. Finally, I said, 'I'd be most interested to hear what you got to say on the matter, Pap.' 'A man has a few choices to make during his life. If you make good choices, you turn out like Otis. You make bad choices you end up somethin' less.' 'Lately, I've been worryin' if I'm even smart enough to know the difference. You and Otis just appear to come by it natural.' Pap said, 'A little worry can go a long way in the makin' of a man.' Then Pap went back to sippin' his coffee, and he was done talkin'. That old boy was always doin' that to me. Just give me enough to think on and then go real quiet again before I had the full answer.It was a time of great adventure and great danger around every bend. For Matt Dobson, it was a time to become a man. With the guidance of good friends and good family, Matt is challenged with a tough road to travel. As Matt learns about integrity, courage, and love, will he be able to meet hisHigh Expectations? Travel back in our nation's history to the Old West, when a man made his own opportunities. Throughout the land, a person was only as good as their word. It was a time when a handshake and a smile were a person's contract. If a person broke one of those contracts, there was nothing they could say or do after that to redeem their reputation. These are the lessons that Pap Franklin knew all so well. In the second book of the Pap Franklin series, follow along as Matt Dobson tries to become the next great member of his family.
Author: Greg McLaughlin Publisher: CRC Press ISBN: 1466581875 Category : Business & Economics Languages : en Pages : 219
Book Description
Twenty-first century advances in technology, transportation, and business models have enabled companies of all sizes to enter markets once thought to be the exclusive domain of giant enterprises. In this environment, innovation has emerged as the competitive differentiator that will propel companies to become global leaders.Supplying practical guid
Author: Ian Warwick Publisher: Sage Publications UK ISBN: 1529675936 Category : Education Languages : en Pages : 158
Book Description
This book unpicks the strategy, policy and culture that has supported the social mobility success story of one of the UK′s leading schools, the London Academy of Excellence. It distils this into universal concepts and ideas that school leaders, in any context, can consider for their own schools.
Author: Jason Foster Publisher: Athabasca University Press ISBN: 1771991992 Category : Political Science Languages : en Pages : 204
Book Description
In October 2005, Jason Foster, then a staff member of the Alberta Federation of Labour, was walking a picket line outside Lakeside Packers in Brooks, Alberta with the members of local 401. It was a first contract strike. And although the employees of the meat-packing plant—many of whom were immigrants and refugees—had chosen an unlikely partner in the United Food and Commercial Workers local, the newly formed alliance allowed the workers to stand their ground for a three-week strike that ended in the defeat of the notoriously anti-union company, Tyson Foods. It was but one example of a wide range of industries and occupations that local 401 organized over the last twenty years. In this study of UFCW 401, Foster investigates a union that has had remarkable success organizing a group of workers that North American unions often struggle to reach: immigrants, women, and youth. By examining not only the actions and behaviour of the local’s leadership and its members but also the narrative that accompanied the renewal of the union, Foster shows that both were essential components to legitimizing the leadership’s exercise of power and its unconventional organizing forces.
Author: Mary Munter Publisher: Pearson ISBN: 9780130338563 Category : Business & Economics Languages : en Pages : 106
Book Description
This concise, practical book is written for you if you want to assure your meetings will be... bull; bull;Necessary and not just a waste of time bull;Interesting, coherent, and well-organized bull;A place for people to share, rather than show off, their ideas bull;Constructive, thoughtful, and creative bull;Inclusive, with full participation from all bull;Efficient and not a waste of energy In today's environment, meetings are more commonplace and important than ever, because of... bull; bull;Advances in technology-such as videoconferencing and conference calls bull;Increased reliance on collaborative workgroups and cross-functional work teams bull;Increased specialization, which necessitates sharing diverse knowledge and expertise Like all books in the Prentice Hall Guides to Advanced Business Communication series, this book is... bull; bull;Brief: summarizes key ideas only bull;Practical: offers clear, straightforward tools you can use bull;Reader-friendly: provides easy-to-skim format Reviews of the core concepts book for this series, Guide to Managerial Communication by Mary Munter bull; bull;-Listed by the Wall Street Journal as one of the five business "books you shouldn't miss." bull;-"Really a gem." Former managing editor, Harvard Business Review bull;-"Short, compact, practical, and readable... I liked it immensely." Journal of Business Communication
Author: Martin Mandler
Author: Martin Mandler
Author: Robert Davis
Author: Steven G. Rogelberg
Author: Antony Jay
Author: Wayne W. Lamson
Author: Greg McLaughlin
Author: Ian Warwick
Author: Jason Foster
Author: Mary Munter
Author: