## What is Girsanovs theorem?

Wikipedia says – “the Girsanov theorem (named after Igor Vladimirovich Girsanov) describes how the dynamics of stochastic processes change when the original measure is changed to an equivalent probability measure”. The key concepts are: stochastic process (for example a brownian motion), dynamics and change of measure.

## What is Numeraire change?

A change of numeraire argument is used to derive a general option parity, or equivalence, result relating American call and put prices, and to obtain new ex- pressions for futures and forward prices. The general parity result unifies and extends a number of existing results.

**Is NMR crypto a good investment?**

Is Numeraire a good investment? Numeraire is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.

### Why do we need a numeraire?

In a monetary economy, acting as the numéraire is one of the functions of money, to serve as a unit of account: to provide a common benchmark relative to which the worths of various goods and services are measured.

### Is stochastic calculus useful?

An important application of stochastic calculus is in mathematical finance, in which asset prices are often assumed to follow stochastic differential equations. In the Black–Scholes model, prices are assumed to follow geometric Brownian motion.

**Which coin is NMR?**

Numeraire

About Numeraire Numeraire is an Ethereum token that powers Numerai, a San Francisco-based hedge fund that crowdsources artificial intelligence to make investments in major stock markets around the world. Numeraire (NMR) holders can stake their NMR tokens every week on specific predictions.

#### Who owns Numeraire?

Now the one-year-old company, founded by 29-year-old South African Richard Craib (a Forbes 30 Under 30 designee) and funded by the likes of Union Square Ventures, is launching its own cryptocurrency, the Numeraire.

#### What is numeraire good?

Numeraire is an economic term that represents a unit in which prices are measured. A numeraire is usually applied to a single good, which becomes the base value for the entire index or market. Having a numeraire, or base value, allows for the comparison of the value of goods against one another.