Carte Irreversible Decisions under Uncertainty Svetlana Boyarchenko

Irreversible Decisions under Uncertainty

Optimal Stopping Made Easy

Limbă: engleză
Legare: Copertă tare
Disponibilitate: În depozitul extern în cantități mici
Expediem în 13-18 zile
892.37 lei
In real life, as well as in economic models, individuals often make decisions in an uncertain enviro...

Informații despre carte

Limbă
engleză
Legare
Carte - Copertă tare
Publicat
2007
Pagini
285
EAN
9783540737452
ISBN
3540737456
Enbook ID
01568908
Greutate
592
Dimensiuni
165 x 236 x 23

Descriere completă

In real life, as well as in economic models, individuals often make decisions in an uncertain environment. In many cases, a problem which an optimizing agent faces can be formulated or reformulated as a problem of optimal timing of a certain irreversible or partially reversible action or optimal stopping problem. In this book, the authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.

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