THE END-OF-THE-YEAR BONUS: HOW TO OPTIMALLY REWARD A TRADER?-Reference-Cited by-同舟云学术

THE END-OF-THE-YEAR BONUS: HOW TO OPTIMALLY REWARD A TRADER?

Published:2002-05 Issue:03 Volume:05 Page:279-306
ISSN:0219-0249
Container-title:International Journal of Theoretical and Applied Finance
language:en
Short-container-title:Int. J. Theor. Appl. Finan.

Author:

AHN H.¹,DEWYNNE JEFF²,HUA P.³,PENAUD ANTONY⁴,WILMOTT PAUL⁵

Affiliation:

1. Constellation Power Source Inc., 111 Market Place, Suite 500, Baltimore Maryland 21202, USA

2. Mathematical Institute, University of Oxford, 24–29 St Giles', Oxford OX1 3LB, UK

3. Merril Lynch Mercury Asset Management, 64 Parkview Road, Tottenham, London N17 9AX, UK

4. TMI, 6 Broadgate, London EC2M 2AA, UK

5. Wilmott Associates, London, UK

Abstract

Traders are compensated by bonuses, in addition to their basic salary. However, little is known about how to optimally reward a trader. In this article we build a framework for the study of this problem and explore a variety of possible compensation structures.

Publisher

World Scientific Pub Co Pte Lt

Subject

General Economics, Econometrics and Finance,Finance

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0219024902001420

Reference5 articles.

1. Various passport options and their valuation

2. ON THE PROFIT AND LOSS DISTRIBUTION OF DYNAMIC HEDGING STRATEGIES

3. Martingales and stochastic integrals in the theory of continuous trading

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