Kniha Irreversible Decisions under Uncertainty Svetlana Boyarchenko

Irreversible Decisions under Uncertainty

Optimal Stopping Made Easy

Jazyk: Angličtina
Vazba: Pevná
Dostupnost: Skladem u dodavatele v malém množství
Odesíláme za 13-18 dnů
3 937
In real life, as well as in economic models, individuals often make decisions in an uncertain enviro...

Informace o knize

Jazyk
Angličtina
Vazba
Kniha - Pevná
Vydáno
2007
Stránek
285
EAN
9783540737452
ISBN
3540737456
Enbook ID
01568908
Hmotnost
592
Rozměry
165 x 236 x 23

Kompletní popis

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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