If you do not know what martingale is, do not panic, another way of saying this is that under risk neutral measure the underlying asset grows at risk-free rate.

 
  • 如果你现在还不知道什么使鞅,不用惊慌,换一句话说在风险中立概率测度之下标的资产以无风险利率增长。
今日热词
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