Brownian excursions an Parisian barrier options: a note
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This note re-addresses the Paris barrier options proposed by Yor and collaborators and their valuation using the Laplace transform approach. The notion of Paris barrier options, based on excursion theory and using the Brownian meander, is extended such that their valuation is now possible at any point during their lifespan. The pertinent Laplace transforms are modified when necessary.
[1] Michael Schröder. Brownian excursions and Parisian barrier options: a note , 2002 .
[2] J. Harrison,et al. Brownian motion and stochastic flow systems , 1986 .
[3] G. Doetsch. Handbuch der Laplace-Transformation , 1950 .