Provides mathematicians and applied researchers with a well-developed framework in which option pricing can be formulated, and a natural transition from the the

"Provides mathematicians and applied researchers with a well-developed framework in which option pricing can be formulated, and a natural transition from the th

Results from the now-classical distribution theory involving convolution and Fourier transformation are extended to cater for Colombeau's generalized functions.

The book gives a systematical presentation of stochastic approximation methods for models of American-type options with general pay-off functions for discrete t

This first part of this book deals with the boundary value problem with equivalued surfaces, while the second part is concerned with the mathematical model and