Linden Ashcroft Alba Gilabert Annamária Lehoczky

Equivalent martingale measures and optimal market completions

Optimal fictitious completions of an incomplete financial market are shown to be associated with exponential martingales (not just local martingales) and, therefore, to "an optimal equivalent martingale measure'. Results of independent interest, in the theory of continuous-time martingales, are derived as well. iirshurgb, PA 15213-3890

Equilibrium models with singular asset prices

General equilibrium models in which economic agents have finite marginal utility from consumption at the origin lead to financial assets whose prices are continuous but exhibit singular components. In particular, there is no bona—fide "interest rate" in such models, although asset prices can be determined by equilibrium considerations (and uniquely, up to the formation of mutual funds). The sin...

Optimizing Robotic Team Performance with Probabilistic Model Checking

Multi Look-Up Table Digital Predistortion for RF Power Amplifier Linearization

Clinical Report Microcephaly, Jejunal Atresia, Aberrant Right Bronchus, Ocular Anomalies, and XY Sex Reversal

Catherine E. Keegan, Eric Vilain, Mansoor Mohammed, Jessica Lehoczky, William B. Dobyns, Steven M. Archer, and Jeffrey W. Innis* Department of Pediatrics, University of Michigan Medical School, Ann Arbor, Michigan Department of Human Genetics, University of Michigan Medical School, Ann Arbor, Michigan Department of Ophthalmology, University of Michigan Medical School, Ann Arbor, Michigan Depart...