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16. Backward Induction and Optimal Stopping Times
1:19:14
YouTubeYaleCourses
16. Backward Induction and Optimal Stopping Times
Financial Theory (ECON 251) In the first part of the lecture we wrap up the previous discussion of implied default probabilities, showing how to calculate them quickly by using the same duality trick we used to compute forward interest rates, and showing how to interpret them as spreads in the forward rates. The main part of the lecture focuses ...
28.1K viewsApr 2, 2011
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