Generalized Optimal Stopping Problems and Financial Markets

Download or read book Generalized Optimal Stopping Problems and Financial Markets written by Dennis Wong and published by CRC Press. This book was released on 1996-11-07 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides mathematicians and applied researchers with a well-developed framework in which option pricing can be formulated, and a natural transition from the theory of optimal stopping problems to the valuation of different kinds of options. With the introduction of generalized optimal stopping theory, a unifying approach to option pricing is presented.