In this Element the authors review the technique of the change of numeraire in the martingale approach to option pricing. Their intention is to present a reader friendly explanation of the technique itself, and illustrate how it is applied in various fields of quantitative finance as the basis for building option valuation models. They start with an informal review of Girsanov's theorem, followed by a brief summary of the basic concepts of the arbitrage free pricing, and the technique of c...

While investigating an oil tanker collision in San Francisco Bay, Ronan O’Neill, a decorated Coast Guard officer, sees Coast Guard lawyer-investigators stymied by high priced civilian attorneys. With that motivation, after leaving the service he moves to San Francisco to go to law school. Ronan must navigate his way to become a full-fledged lawyer as two women vie for his attention, all complicated by a series of life-altering cataclysmic decisions. Sausalito, by attorney-author Patrick Ha...

These ten treasured stories from the most influential authors of the nineteenth and early twentieth centuries are selected for their literary importance as well as their dramatic, oral qualities. The following stories are included in this collection:“The One-Million-Pound Bank Note” by Mark Twain“The Celebrated Jumping Frog of Calaveras County” by Mark Twain“A Visit to Niagara” by Mark Twain“Mysterious Visit” by Mark Twain“The Blue Hotel” by Stephen ...