Hulley, Hardy; Platen, Eckhard - 2008
been proposed for pricing
and hedging equity derivatives. Prominent examples include stochas-
tic volatility models, jump … is up to the task of satisfactorily pricing and hedging
extremely long-dated claims. Since they all fall within the ambit … of risk-
neutral pricing, it is thus natural to speculate that their deflciencies are
(at least in part) attributable to …