Weather Derivatives: Modeling and Pricing Weather-Related Risk by Antonis Alexandridis K. and Achilleas D. Zapranis
English | ISBN: 1461460700 | 2012 | PDF | 309 pages | 5,2 MB
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature.