numeraire(numeraire法语)

1、通常还被如下解释nd1 is also the ITM probably at expiry， but under the measure that uses the stock price as the numeraire 参见 Wilmott Forums我的理解是这样子的在任何XNumerarie下面，X自身就是一个Martingale 比如风险中性测度下，折现未来价格就是Martingale比如Forward测度下。

2、In this paper we give an exppcit representation of the growth optimal portfopo for a discrete time inplete financial market and then give the price of an option using the numeraire portfopo approach 在这篇文章中我们给出了离散时间不完全金融市场中增长最优投资组合的显式表达式，然。

3、Chapter 6 delves into more advanced models， including general stock models 178， lognormal models 181， and multistock models 183， with a focus on numeraires 189 and foreign currency interestrate models 193 Arbitragefree and complete models are also discussed 196。