Introduction to Financial Derivatives
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Actually, derivatives can be replicated by underlying in a complete market. So why they still exist despite they can be made redundant??
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Nice work. Excellent day...
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very well taught
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medyo matagal un slide show pero okay naman cguro..
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For the Options movie ticket analogy, do you need to pay money to have the right buy/sell a security?
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The system I used for thermodynamics equations is similar but wording is different, what you call a derivative I call an extensive quantity which depends on the number of underlyings present where intensive quantity is what you call an underlying- it is invareient and does not depend on the number of derivatives present. this makes sense if you do physics or chemistry and it is far easier to make computational models out of it-> you just have t make a few transformations.
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I developed a similar system to this independantly- but for physics equations involving thermodynamics. it involves using extensive quantities, Internal Energy, Entropy, Enthalpy(Heat exchange rate) and finding their derivative w.r.t intensive quantities, Temperature, Number of particles, Pressure of system-> I use it to predict if I can generate a negative or positve increase in some derivative quantity in an equation, describing diffusion say, to counter random fluctuations.Its helped me alot
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Helped a lot...:):) Thanks..:):)
Please explain this to my professor. :-) Great job. TY
apostledre 1 year ago 4
The key is the use of the word "value." Value based in an asset, product or intellectual differs from "value" in this divorced value system.
Despite the fancy words, models and discussion, the system is, essentially and utterly, a gambling scheme. The need to "bet" is the same whether Las Vegas, Monte Carlo, or the crap game behind the pool hall.
Remember that saying? "Get a job?" A job/work involves an exchange of labor-energy for a return of worth. There is no work, no value,
GwenAYF 9 months ago 2