Which ticket option would you like?

Описание к видео Which ticket option would you like?

Watch the full lecture here: https://www.gresham.ac.uk/watch-now/o...

We often change our minds after we decide to do something. In finance and business though, if you think you might like to change your mind you will have to pay your counterparty so that your right to change your mind is agreed in advance.

But how much is the right to change your mind worth? Option pricing is the art of determining the value of this right.

An excerpt taken from a lecture by Professor Raghavendra Rau called 'Option Pricing Theory Explained'

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