Dynamic Present Value - Financial Theory - John Geanakoplos - Lecture 10 of 26 - Video-lecture

Video-lecture, Financial Theory

Description: In this lecture we move from present values to dynamic present values. If interest rates evolve along the forward curve, then the present value of the remaining cash flows of any instrument will evolve in a predictable trajectory. The fastest way to compute these is by backward induction.
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University: Yale University (CT)
Address: Economics