Browsing by Author "Jones, Chris"

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Open Access
    Editorial: Theory in Learning Technology
    (Research in Learning Technology, 2011-11-01) Jones, Chris; Czerniewicz, Laura
    This article is the editorial for the 19th Volume of the journal Research in Learning Technology.
  • Thumbnail Image
    Item
    Open Access
    An investigation of short rate models and the pricing of contigent claims in a South African setting
    (2010) Jones, Chris; Becker, Ronald
    This dissertation investigates the dynamics of interest rates through the modelling of the short rate { the spot interest rate that applies for an in-infinitesimally short period of time. By modelling such a rate via a diffusion process, one is able to characterize the entire yield curve and price plain vanilla options. The aim is to investigate which of the more popular short rate models is best suited for pricing such options, which are actively traded in the market. Thus one can then use such models to price more exotic options, as such options are typically less frequently traded in the market.