Risk-neutral Measure/example 1 %E2%80%94 Binomial Model of Stock Prices

Famous quotes containing the words measure, model, stock and/or prices:

    Both the man of science and the man of art live always at the edge of mystery, surrounded by it. Both, as a measure of their creation, have always had to do with the harmonization of what is new with what is familiar, with the balance between novelty and synthesis, with the struggle to make partial order in total chaos.... This cannot be an easy life.
    J. Robert Oppenheimer (1904–1967)

    The playing adult steps sideward into another reality; the playing child advances forward to new stages of mastery....Child’s play is the infantile form of the human ability to deal with experience by creating model situations and to master reality by experiment and planning.
    Erik H. Erikson (20th century)

    I consider that a man’s brain originally is like a little empty attic, and you have to stock it with such furniture as you choose.
    Sir Arthur Conan Doyle (1859–1930)

    United Fruit... United Thieves Company... it’s a monopoly ... if you won’t take their prices they let your limes rot on the wharf; it’s a monopoly. You boys are working for a bunch of thieves, but I know it ain’t your fault.
    John Dos Passos (1896–1970)