Backward Induction and Optimal Stopping Times - Financial Theory - John Geanakoplos - Lecture 16 of 26 - Video-lecture

Video-lecture, Financial Theory

Description: 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. 
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University: Yale University (CT)
Address: Economics