A complete market is one in which every contingent claim has a replicating self-financing strategy. In the one-period finite model, the market is complete if and only if has rank .
Quantitative Finance · शब्दावली
Quantitative Finance · शब्दावली
A complete market is one in which every contingent claim has a replicating self-financing strategy. In the one-period finite model, the market is complete if and only if has rank .