The stochastic discount factor and the generalized method of moments
"The fundamental theorem of asset pricing in finance states that the price of any asset is its expected discounted payoff. Ideally, the payoff is discounted by a factor, which depends on parameters present in the market, and it should be unique, in the sense that financial derivatives should be...
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Digital WPI
2006
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| Online Access: | https://digitalcommons.wpi.edu/etd-theses/873 https://digitalcommons.wpi.edu/cgi/viewcontent.cgi?article=1872&context=etd-theses |