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This is the first biography in English of a World War II heroine of the Greek resistance, who joined the British secret intelligence services (SIS) shortly after the German occupation of Athens and was betrayed, arrested and executed one month before the Germans' departure. She was a prosperous housewife with seven children, who had no experience in politics or military affairs, and yet she managed to build a formidable escape, espionage and sabotage organization that interacted with the highest levels of SIS agents in Occupied Greece. Book Presentation with Prof. Stylianos Perrakis (Concordia University), Prof. Stathis Kalyvas (University of Oxford), and Prof. Gonda van Steen (King's College London)
This book illustrates the application of the economic concept of stochastic dominance to option markets and presents an alternative option pricing paradigm to the prevailing no arbitrage simultaneous equilibrium in the frictionless underlying and option markets. This new methodology was developed primarily by the author, working independently or jointly with other co-authors, over the course of more than thirty years. Among others, it yields the fundamental Black-Scholes-Merton option value when markets are complete, presents a new approach to the pricing of rare event risk, and uncovers option mispricing that leads to tradeable strategies in the presence of transaction costs. In the latter case it shows how a utility-maximizing investor trading in the market and a riskless bond, subject to proportional transaction costs, can increase his/her expected utility by overlaying a zero-net-cost portfolio of options bought at their ask price and written at their bid price, irrespective of the specific form of the utility function. The book contains a unified presentation of these methods and results, making it a highly readable supplement for educators and sophisticated professionals working in the popular field of option pricing. It also features a foreword by George Constantinides, the Leo Melamed Professor of Finance at the Booth School of Business, University of Chicago, USA, who was a co-author in several parts of the book.
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