{"product_id":"modern-option-pricing-von-paul-lajbcygier","title":"MODERN OPTION PRICING","description":"\u003cp\u003eOption markets have become among the most heavily transacted financial markets in the world. Option pricing models are used to price the options transacted on these markets. These models have been described as amongst the most accurate in the social sciences. Despite this outstanding success, claims that the conventional option pricing models are failing are appearing with increasing frequency. These anomalies represent a serious problem for  option markets because they imply that the  conventional option pricing approaches are flawed.A  flawed option pricing model represents a serious  problem for the global financial system as a whole.  Options are the mechanism in which financial  participants may transfer risk between each other.  Clearly, if the best conventional option pricing  models are sub-optimal (i.e. mis-specified), this  risk transfer is sub-optimal also.  Powerful desktop computing and abundant, extremely  accurate intra-day transactions data, has led many  researchers to pursue modern statistical approaches  for pricing options. In this book  we  use various  such approaches and show that they lead to improved  option pricing.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838354972\"\u003e\u003ch3\u003eImproving Option Pricing with Modern Statistical Techniques\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838354972","offer_id":39498960044125,"sku":"9783838354972","price":79.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/06108c5b-48dc-4305-876c-a2fc8b5a553b.jpg?v=1776232525","url":"https:\/\/shop.autorenwelt.de\/en\/products\/modern-option-pricing-von-paul-lajbcygier","provider":"Autorenwelt Shop","version":"1.0","type":"link"}