Derivative Assets Analysis
讨论了基于买入持有和动态复制策略的衍生资产，介绍了布莱克-斯科尔斯期权定价公式，并详细分析了指数期货、股票期权、指数期权和投资组合保险四个应用。
Derivative assets analysis enjoys an unusual status; it is a recently developed, relatively complex tool of economic analysis, faithful to the core of economic theory, and widely used to make reallife decisions. This paper, discusses derivative assets based on buy-and-hold strategies; derivative assets based on dynamic replicating strategies; valuing and replicating other derivative assets; and the Black-Scholes option pricing formula. Then it takes a detailed look at four applications: index futures, equity options, index options, and portfolio insurance.