{"product_id":"alternative-derivatives-pricing-von-ilya-gikhman","title":"Alternative Derivatives Pricing","description":"\u003cp\u003eThere are several distinctions between this book and  others. The primary distinction is that we developed  derivatives pricing which could not be reduced to  Black-Scholes benchmark. Other distinction we do not  used either expected or present value reduction  standards to present equality two cash flows  generated by derivative instruments.  Our approach in pricing derivatives is based  on the equal investment principle applied for each  admissible scenario. For instance, a call option  price is reflected by the underlying return for each  scenario that promises price at maturity higher than  its strike. The main peculiarity of this pricing is that there  is no ¿fair¿ price and each spot or theoretical  prices implies the risk. This market risk can be  calculated based on statistical assumption regarding  distribution of the derivative underlying.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838366050\"\u003e\u003ch3\u003eFormal Approach\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838366050","offer_id":39499109728349,"sku":"9783838366050","price":68.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/8f2e1e03-beb0-44d3-93dd-6200adaabe25.jpg?v=1759211185","url":"https:\/\/shop.autorenwelt.de\/en\/products\/alternative-derivatives-pricing-von-ilya-gikhman","provider":"Autorenwelt Shop","version":"1.0","type":"link"}