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Finance, The Economics of Continuous-Time by The Economics of Continuous-Time Finance is a nonfiction available to read on EtoBox.

What is Finance, The Economics of Continuous-Time about?

An introduction to economic applications of the theory of continuous-time finance that strikes a balance between mathematical rigor and economic interpretation of financial market regularities. This book introduces the economic applications of the theory of continuous-time finance, with the goal of enabling the construction of realistic models, particularly those involving incomplete markets. Indeed, most recent applications of continuous-time finance aim to capture the imperfections and dysfunctions of financial marketscharacteristics that became especially apparent during the market turmoil that started in 2008. The book begins by using discrete time to illustrate the basic mechanisms and introduce such notions as completeness, redundant pricing, and no arbitrage. It develops the continuous-time analog of those mechanisms and introduces the powerful tools of stochastic calculus. Going beyond other textbooks, the book then focuses on the study of markets in which some form of incompleteness, volatility, heterogeneity, friction, or behavioral subtlety arises. After presenting solutions methods for control problems and related partial differential equations, the text examines portfo

Who reads Finance, The Economics of Continuous-Time?

Author

The Economics of Continuous-Time Finance

Publisher

The Mitt press

Published

2017

Language

EN

ISBN

9780262036542

Category

nonfiction

Subjects

Finance, Business