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Continuous-time Stochastic Control and Optimization with Financial Applications (Stochastic Modelling and Applied Probability)

Huyên Pham




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 | #1899408 in eBooks |  2013-04-11 |  2013-04-11 | File type: PDF

||From the Back Cover||Stochastic optimization problems arise in decision-making problems under uncertainty, and find various applications in economics and finance. On the other hand, problems in finance have recently led to new developments in the theory of stoch

Stochastic optimization problems arise in decision-making problems under uncertainty, and find various applications in economics and finance. On the other hand, problems in finance have recently led to new developments in the theory of stochastic control. This volume provides a systematic treatment of stochastic optimization problems applied to finance by presenting the different existing methods: dynamic programming, viscosity solutions, backward stochastic differential...

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