Option Pricing with Given Risk Constraints and Its Application to Life Insurance Contracts

This paper presents a method for hedging in markets of two-factor diffusion and jump diffusion models under the restriction of a specified probability of success. In addition, a method for hedging with a given shortfall amount is developed. A maximal perfect hedging set is constructed for options in...

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Bibliographic Details
Main Authors: Betty Guo, Alexander Melnikov
Format: Article
Language:English
Published: MDPI AG 2025-03-01
Series:AppliedMath
Subjects:
Online Access:https://www.mdpi.com/2673-9909/5/1/25
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