পদ্ধতির তুলনা করুন

	হাল-হোয়াইট মডেল	ঝুঁকি-নিরপেক্ষ মূল্যায়ন
ক্ষেত্র	পরিমাণগত অর্থায়ন	পরিমাণগত অর্থায়ন
পরিবার	Regression model	Regression model
উদ্ভবের বছর	1990	1979
প্রবর্তক	John C. Hull and Alan White	John Harrison and David Kreps
ধরন	Interest Rate Model	Fundamental Principle
মৌলিক উৎস	Hull, J., & White, A. (1990). Pricing interest-rate-derivative securities. Review of Financial Studies, 3(4), 573-592.	Harrison, J. M., & Kreps, D. M. (1979). Martingales and arbitrage in multiperiod securities markets. Journal of Economic Theory, 20(3), 381-408.
অপর নাম	Extended Vasicek, Generalized Vasicek	Risk-Neutral Measure, Q-Measure
সম্পর্কিত	4	4
সারসংক্ষেপ	The Hull-White model (1990) is a one-factor short-rate model with time-dependent mean reversion and volatility, designed to fit the initial yield curve exactly. It generalizes the Vasicek model to allow better calibration to observed bond and derivative prices, and is widely used for pricing interest rate exotics and managing interest rate risk.	Risk-neutral valuation (1979) is the fundamental principle that derivative prices equal the expected payoff discounted at the risk-free rate, computed under a risk-neutral probability measure (Q-measure). This principle, formalized by Harrison and Kreps, eliminates the need to estimate risk premia and is the foundation of modern derivatives pricing.