Reporting time: Friday ,23 October 14:00-15:30

Tencent Meeting Number :787 267 833

Speaker：Zhuo Xiaoyang, Assistant Professor, Department of International Trade and Finance, School of Management and Economics, Beijing Institute of Technology

SpeakerProfile:

Zhuo Xiaoyang, Bachelor of Management, Master of Management, Doctor of Science, Wu Daokou School of Finance, Tsinghua University, is currently working in the Department of International Trade and Finance, School of Management and Economics, Beijing Institute of Technology. He is an assistant professor and special associate researcher. Research interests include financial engineering, derivatives pricing and earnings, interest rate term structure, credit risk, etc.; He published papers in academic journals such as Journal of Real Estate Finance and Economics、Mathematics and Financial Economics、International Journal of Theoretical and Applied Finance; presided over one national natural science foundation and one China postdoctoral science foundation project.

Introduction:

In this report, we extend the traditional equivalent martingale measure theory and propose an Equivalent Expectation Measuretheory, which simplifies the problem of undetermined equity expectation price to the problem of discounting the due repayment value under the equivalent expectation measure and seeking the expectation. This theory can be applied to a wide range of undetermined rights and interests, such as options, treasury bonds, corporate bonds, interest rate derivatives and so on.

(Host: Department of International Trade and Finance, Research and Academic Exchange Centre)