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An Introduction to Financial Mathematics in Continuous Time

In stochastic analysis in continuous time one usually considers R+ instead of N as the index set describing time, i.e at every time point t R one observes a random variable Xt. Whereas in discrete time one í dealing with random sequences X(t): N - R, in continuous time one is workng with stochastic functions X(t): R+ - R. Thuogh many results obtained in discrete time have a continuous time analogue we have to modify several notions and results

Từ khóa: mathematical modeling, financial markets, trading and arbitrage, market completeness, black and scholes formula, thị trường tài chính

53 p tieuhoa 27/01/2013 357 2

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