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Irreversible Decisions Under Uncertainty: Optimal Stopping Made Easy
Hardcover
Series: Studies in Economic Theory, Book 27
EconomicsInvesting & FinanceGeneral Mathematics
ISBN13: 9783540737452
Publisher: Springer Nature
Published: Sep 3 2007
Pages: 285
Weight: 1.33
Height: 0.69 Width: 6.14 Depth: 9.21
Language: English
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.
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Irreversible Decisions Under Uncertainty: Optimal Stopping Made Easy
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Levendorskii, Sergei
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