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Critical price near maturity for the American put in an exponential Lévy model

 

When Thursday 18th February at 5.15pm
Where B617, Leverhulme Library, Columbia House
Presentations  
Speaker Damien Lamberton
From University of Marne-la-Vallee
Abstract
In this talk, based on joint work with M. Mikou, we will discuss the asymptotic behavior of the critical price near maturity for the American put in an exponential Lévy model. It turns out that the rate of convergence to the limit is very different from the classical Black-Scholes case. In particular, if the Lévy process has finite variation, the convergence is linear.
For further information Sabina Allam (Postgraduate Administrator) Ext. 6879
Department of Statistics, Columbia House
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