Nikeghbali, Ashkan; Platen, Eckhard - Finance Discipline Group, Business School - 2008
expectations of corresponding future payoffs, with the GOP as numeraire and the real world probability as pricing measure. The time … prices
are obtained as conditional expectations of corresponding future payofis, with
the GOP as numeraire and the real world …, honest times, growth optimal
portfolio, benchmark approach, real world pricing, nonnegative local martingales.
1Institut f …