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This book describes existing approaches that estimate risk-neutral density functions (RND)implied by option prices and provides an empirical comparison of some of these methods on illustrative basis. The theoretical option-pricing background is well introduced in Chapter 2 and used as foundation for the ongoing discussion of the different estimation procedures in the following chapters. The literature review is comprehensive with respect to the inclusion and discussion of a large number of different estimation procedures. Moreover, this work offers an adequate contribution by applying and comparing existing RND estimation procedures for Euro Stoxx 50 index options.

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Born in 1989 in Ashgabat, Turkmenistan. In 2005 obtained Diploma Operation of Bank and Banking from School of Trade and Consumers Cooperation in Turkmenistan. In 2012 completed Bachelors of Arts in Economics at American University in Bulgaria. In 2014 earned Master of Science in International Financial Economics at University of Konstanz, Germany.

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