Possibility Valuation based on Oridinal Utility

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Dynamic Exponential Utility Indifference Valuation

We study the dynamics of the exponential utility indifference value process C(B; α) for a contingent claim B in a semimartingale model with a general continuous filtration. We prove that C(B; α) is (the first component of) the unique solution of a backward stochastic differential equation with a quadratic generator and obtain BMO estimates for the components of this solution. This allows us to ...

متن کامل

Rational Hedging and Valuation with Utility-Based Preferences

In this thesis, we study stochastic optimization problems in which concave functionals are maximized on spaces of stochastic integrals. Such problems arise in mathematical finance for a risk-averse investor who is faced with valuation, hedging, and optimal investment problems in incomplete financial markets. We are mainly concerned with utility-based methods for the valuation and hedging of non...

متن کامل

Quine on the Possibility of Religion-Based Science

There are various ways in which science can be classified as theistic or religion-based. One is when the components of scientific theories are accepted by the followers of religions and rejected by the opponents of religious beliefs. Although Quine (1908-2000) does not believe in any religion, the possibility of one concept of religious science can be inferred from his explanation of the founda...

متن کامل

mortality forecasting based on lee-carter model

over the past decades a number of approaches have been applied for forecasting mortality. in 1992, a new method for long-run forecast of the level and age pattern of mortality was published by lee and carter. this method was welcomed by many authors so it was extended through a wider class of generalized, parametric and nonlinear model. this model represents one of the most influential recent d...

15 صفحه اول

Ambiguous Volatility, Possibility and Utility in Continuous Time

This paper formulates a model of utility for a continuous time framework that captures the decision-maker’s concern with ambiguity about both the drift and volatility of the driving process. At a technical level, the analysis requires a signi…cant departure from existing continuous time modeling because it cannot be done within a probability space framework. This is because ambiguity about vola...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Japan Society for Fuzzy Theory and Systems

سال: 1995

ISSN: 0915-647X,2432-9932

DOI: 10.3156/jfuzzy.7.6_1175