AN-VI: Difference between revisions

From formulasearchengine
Jump to navigation Jump to search
en>Thibbs
m Generalizing Britishism per WP:VNE
en>Frietjes
 
Line 1: Line 1:
The '''Korn–Kreer–Lenssen model''' ('''KKL model''') is a discrete [[Trinomial tree|trinomial model]] proposed in 1998 by Ralf Korn, Markus Kreer and Mark Lenssen to model [[illiquid securities]] and to value [[Derivative (finance)|financial derivatives]] on these. It generalizes the binomial [[Cox-Ross-Rubinstein model]] in a natural way as the stock in a given time interval can either rise one unit up, fall one unit down or remain unchanged. In contrast to [[Black–Scholes]] or [[Cox-Ross-Rubinstein model]] the [[market]] consisting of stock and cash is not complete yet. To value and replicate a financial derivative an additional traded security related to the original security needs to be added. This  might be a Low Exercise Price Option (or short [[LEPO]]). The mathematical proof of arbitrage free pricing is based on [[Martingale representation theorem|martingale representations]] for point processes pioneered in the 1980s and 1990 by [[Albert Shiryaev]], Robert Liptser and [[Marc Yor]].
Plenty of people these days are considering having gastric bypass surgery and are wondering about any problem gastric bypass surgery may cause. The bad news is that there arent lots of resources designed for people. Some of the sources that are available are usually written in medical language and hard comprehend. This is excatly why there&quot;s a huge need for this type of information to be written in straightforward language that the everyday individual, the type of individuals are likely considering the surgery, can read. we have assembled the following guide to assist you better understand some of the problems and dangers gastric bypass surgery may bring about is why. <br><br>It is important to understand that there really are a lot of different forms of this surgery; there cant be one comprehensive information for many of these different forms of the surgery this is. Due to this reason, the next guide is just a common set of dangers and problems gastric bypass surgery may result in. To study more, consider taking a view at: [http://social.xfire.com/blog/herniatreatmentfender Xfire - Gaming Simplified]. It is important to keep in mind that this information should not change professional help; you should always consult your physician or medical health professional before considering any forms of surgery or taking any drugs. Secondly, you should observe that everyones body will respond differently to the surgery and healing times along with any complications might be specific to the individual. <br><br>In probably the most extreme conditions complications gastric bypass surgery causes can lead to death. Its important to remember that this is truly rare and only does occur in about one per 200 to 300 surgeries. The chance factor of an outcome as significant as this may all depend on a variety of things including your weight, age, and over all medical health. <br><br>Probably certainly one of the most frequent complications using this surgery, though it is still extremely unusual, is blood clots in the feet. These are more likely to come in excessively obese individuals who are classified as morbidly obese. Navigate to this webpage [http://www.dipity.com/herniapainfoot100 Huynh Dueholm] to study the inner workings of it. There are many risks factors that are generally connected with blood clots. If you are worried about the probability of these difficulties gastric bypass surgery can potentially cause such as for instance blood clots, you should always consult your physician or medical health professional in order to get their medical opinion. In some cases your doctor may refer you to someone that specializes in gastric bypass restoration. <br><br>Still another pair of complications gastric bypass surgery is known to cause is leaking at among the staples on the stomach. For the most part this problem could be treated with antibiotics and most people can make a complete recovery without difficulty. But there are several rare cases where this condition could need emergency surgery to be able to correct it. This is perhaps one of the most unusual complications in recent years as the dangers of this type of surgery gradually decrease. If you&quot;ve any questions concerning this medical treatment or difficulties caused by gastric bypass surgery, a good thing you may do is consult your medical healthcare professional or doctor to obtain their medical opinion.. This fine [http://scriptogr.am/symptomsherniarte symptomsherniarte on scriptogr.am] URL has numerous engaging cautions for where to engage in it.<br><br>When you loved this short article along with you desire to obtain more details regarding cheapest health insurance ([http://www.fizzlive.com/magnificentwoma27 Continue Reading]) kindly check out our site.
 
The dynamics is based on continuous time linear [[birth-death process]]es and analytic formulae for option prices and Greeks can be stated. Later work looks at market completion with general calls or puts.<ref>http://www.wilmott.com/pdfs/101130_chen.pdf</ref>  A comprehensive introduction may be found in the attached MSc-thesis.<ref>http://resources.aims.ac.za/archive/2010/obeng.pdf</ref>
 
The model belongs to the class of [[Trinomial tree|trinomial models]] and the difference to the standard [[trinomial tree]] is the following: if <math> \Delta t </math> denotes the waiting time between two movements of the stock price then in the KKL-model <math> \Delta t </math> remains finite and exponentially distributed whereas in [[trinomial tree]]s the time is discrete and the limit <math> \Delta t \rightarrow 0</math> is taken by numerical extrapolation afterwards.
 
==See also==
*[[Binomial options pricing model]]
*[[Trinomial tree]]
*[[Valuation of options]]
*[[Option_(finance)#Model_implementation|Option: Model implementation]]
 
== References ==
<references />
<!--- After listing your sources please cite them using inline citations and place them after the information they cite. Please see http://en.wikipedia.org/wiki/Wikipedia:REFB for instructions on how to add citations. --->
*
*
*
*
 
== Literature ==
* Ralf Korn, Markus Kreer and Mark Lenssen: "Pricing of european options when the underlying stock price follows a linear birth-death process", Stochastic Models Vol. 14(3), 1998, pp 647 – 662
* Xiong Chen: "The Korn-Kreer-Lenssen Model as an alternative for option pricing", Willmott Magazine June 2004, pp 74–80
 
{{DEFAULTSORT:Korn-Kreer-Lenssen model}}
[[Category:Mathematical finance]]
[[Category:Finance theories]]

Latest revision as of 17:35, 6 June 2014

Plenty of people these days are considering having gastric bypass surgery and are wondering about any problem gastric bypass surgery may cause. The bad news is that there arent lots of resources designed for people. Some of the sources that are available are usually written in medical language and hard comprehend. This is excatly why there"s a huge need for this type of information to be written in straightforward language that the everyday individual, the type of individuals are likely considering the surgery, can read. we have assembled the following guide to assist you better understand some of the problems and dangers gastric bypass surgery may bring about is why.

It is important to understand that there really are a lot of different forms of this surgery; there cant be one comprehensive information for many of these different forms of the surgery this is. Due to this reason, the next guide is just a common set of dangers and problems gastric bypass surgery may result in. To study more, consider taking a view at: Xfire - Gaming Simplified. It is important to keep in mind that this information should not change professional help; you should always consult your physician or medical health professional before considering any forms of surgery or taking any drugs. Secondly, you should observe that everyones body will respond differently to the surgery and healing times along with any complications might be specific to the individual.

In probably the most extreme conditions complications gastric bypass surgery causes can lead to death. Its important to remember that this is truly rare and only does occur in about one per 200 to 300 surgeries. The chance factor of an outcome as significant as this may all depend on a variety of things including your weight, age, and over all medical health.

Probably certainly one of the most frequent complications using this surgery, though it is still extremely unusual, is blood clots in the feet. These are more likely to come in excessively obese individuals who are classified as morbidly obese. Navigate to this webpage Huynh Dueholm to study the inner workings of it. There are many risks factors that are generally connected with blood clots. If you are worried about the probability of these difficulties gastric bypass surgery can potentially cause such as for instance blood clots, you should always consult your physician or medical health professional in order to get their medical opinion. In some cases your doctor may refer you to someone that specializes in gastric bypass restoration.

Still another pair of complications gastric bypass surgery is known to cause is leaking at among the staples on the stomach. For the most part this problem could be treated with antibiotics and most people can make a complete recovery without difficulty. But there are several rare cases where this condition could need emergency surgery to be able to correct it. This is perhaps one of the most unusual complications in recent years as the dangers of this type of surgery gradually decrease. If you"ve any questions concerning this medical treatment or difficulties caused by gastric bypass surgery, a good thing you may do is consult your medical healthcare professional or doctor to obtain their medical opinion.. This fine symptomsherniarte on scriptogr.am URL has numerous engaging cautions for where to engage in it.

When you loved this short article along with you desire to obtain more details regarding cheapest health insurance (Continue Reading) kindly check out our site.