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A snakes and ladders representation of stock prices and returns

Research output: Working paper

Published

Standard

A snakes and ladders representation of stock prices and returns. / Gager, P; Shackleton, M B.

Lancaster University : The Department of Accounting and Finance, 2009. (Accounting and Finance Working Paper Series).

Research output: Working paper

Harvard

Gager, P & Shackleton, MB 2009 'A snakes and ladders representation of stock prices and returns' Accounting and Finance Working Paper Series, The Department of Accounting and Finance, Lancaster University.

APA

Gager, P., & Shackleton, M. B. (2009). A snakes and ladders representation of stock prices and returns. (Accounting and Finance Working Paper Series). The Department of Accounting and Finance.

Vancouver

Gager P, Shackleton MB. A snakes and ladders representation of stock prices and returns. Lancaster University: The Department of Accounting and Finance. 2009. (Accounting and Finance Working Paper Series).

Author

Gager, P ; Shackleton, M B. / A snakes and ladders representation of stock prices and returns. Lancaster University : The Department of Accounting and Finance, 2009. (Accounting and Finance Working Paper Series).

Bibtex

@techreport{23df58d734ca42528e174d7aa5658e35,
title = "A snakes and ladders representation of stock prices and returns",
abstract = "Snakes and ladders is an ancient Indian game of chance that offers amusement as well as a metaphor for life{\textquoteright}s many ups and downs. Games offer useful and fun ways of conveying ideas as well as solution techniques and this game has considerable mathematical tractability. This note shows how snakes and ladders can be used to represent the ups and downs of share ownership and solve for fair values of a multistage project that pays fixed dividends at uncertain completion times and has random returns.",
author = "P Gager and Shackleton, {M B}",
year = "2009",
language = "English",
series = "Accounting and Finance Working Paper Series",
publisher = "The Department of Accounting and Finance",
type = "WorkingPaper",
institution = "The Department of Accounting and Finance",

}

RIS

TY - UNPB

T1 - A snakes and ladders representation of stock prices and returns

AU - Gager, P

AU - Shackleton, M B

PY - 2009

Y1 - 2009

N2 - Snakes and ladders is an ancient Indian game of chance that offers amusement as well as a metaphor for life’s many ups and downs. Games offer useful and fun ways of conveying ideas as well as solution techniques and this game has considerable mathematical tractability. This note shows how snakes and ladders can be used to represent the ups and downs of share ownership and solve for fair values of a multistage project that pays fixed dividends at uncertain completion times and has random returns.

AB - Snakes and ladders is an ancient Indian game of chance that offers amusement as well as a metaphor for life’s many ups and downs. Games offer useful and fun ways of conveying ideas as well as solution techniques and this game has considerable mathematical tractability. This note shows how snakes and ladders can be used to represent the ups and downs of share ownership and solve for fair values of a multistage project that pays fixed dividends at uncertain completion times and has random returns.

M3 - Working paper

T3 - Accounting and Finance Working Paper Series

BT - A snakes and ladders representation of stock prices and returns

PB - The Department of Accounting and Finance

CY - Lancaster University

ER -