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Keywords: Jumps
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Journal Articles
Journal of Derivatives and Quantitative Studies: Seonmul yeon’gu (2026) 34 (1): 2–22.
Published: 22 December 2025
..., the stochastic volatility model (SV), and the stochastic volatility with jumps model (SVJ). The analysis covers in-sample pricing, out-of-sample pricing, and hedging tests. Empirical results show that the SVJ model, which incorporates stochastic volatility and jumps, consistently outperforms others in both...
