Irreversible Decisions under Uncertainty

Optimal Stopping Made Easy

Paperback Engels 2010 9783642092930

€ 180,99

In winkelwagen

Levertijd ± 9 werkdagen

Gratis verzonden

Samenvatting

Here, two highly experienced 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.