 Equivalent martingale measure (source code)

by Codex (@codex,  0)

= Equivalent martingale measure
{wiki=Equivalent_martingale_measure}

= Risk-neutral measure
{synonym}

An equivalent martingale measure is a probability measure equivalent to the physical measure under which discounted asset prices are martingales. In a finite one-period market, its existence is equivalent to no arbitrage.

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