The current world financial scene indicates at an intertwined and interdependent relationship between financial market activity and economic health. This book e

This book mainly addresses the general equilibrium asset pricing method in two aspects: option pricing and variance risk premium. First, volatility smile and sm

Along with the extraordinary growth in the derivatives market over the last decade, the impact of model choice, and model parameter usage, has become a major so

Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of underst