Drift operator in a viable expansion of information flow
نویسندگان
چکیده
منابع مشابه
Drift operator in a market a ected by the expansion of information ow : a case study 1
We consider a viable market model. Suppose that new information arrives at the market. We are interested in modeling the market reaction facing to the change of information. In particular we seek for the limit on the intensity of information change below which the market stays always viable. We succeed to nd such a limit with the drift operator when the market possesses the martingale represent...
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ژورنال
عنوان ژورنال: Stochastic Processes and their Applications
سال: 2016
ISSN: 0304-4149
DOI: 10.1016/j.spa.2016.02.001