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In many areas of finance and stochastics, significant advances have been made since this field of research was opened by Black, Scholes and Merton in 1973. This volume contains a collection of original articles by a number of highly distinguished authors, on research topics that are currently in the focus of interest of both academics and practitioners.
Problems of stochastic optimization and various mathematical aspects of risk are the main themes of this contributed volume. The readers learn about the recent results and techniques of optimal investment, risk measures and derivative pricing. There are also papers touching upon credit risk, martingale theory and limit theorems. Forefront researchers in probability and financial mathematics have contributed to this volume paying tribute to Yuri Kabanov, an eminent researcher in probability and mathematical finance, on the occasion of his 60th birthday. The volume gives a fair overview of these topics and the current approaches.
The eight essays in this volume approach the study of the Radical Reformation from new perspectives and challenge some of the basic assumptions of the field. Some critique and problematize the typologies developed to distinguish Reformation radicals from each other and from the Magisterial Reformers. Others apply an equally iconoclastic approach to existing scholarship on the relationship between religious change and socio-political radicalism in early modern Europe. A final group concentrate specifically on revising the history of Anabaptism by tracing its long-term development across the sixteenth and seventeenth centuries and recovering the lives of normal Anabaptists to write a true social history of the movement that avoids relying on the biographies and prescriptive writings of its leadership.
The Abel Symposium 2005 was organized as a tribute to the work of Kiyosi Ito on the occasion of his 90th birthday. Distinguished researchers from all over presented the newest developments within the exciting and fast growing field of stochastic analysis. This volume combines both papers from the invited speakers and contributions by the presenting lecturers. In addition, it includes the Memoirs that Kiyoshi Ito wrote for this occasion.
This volume contains a collection of papers dedicated to Professor Eckhard Platen to celebrate his 60th birthday, which occurred in 2009. The contributions have been written by a number of his colleagues and co-authors. All papers have been - viewed and presented as keynote talks at the international conference “Quantitative Methods in Finance” (QMF) in Sydney in December 2009. The QMF Conference Series was initiated by Eckhard Platen in 1993 when he was at the Australian - tional University (ANU) in Canberra. Since joining UTS in 1997 the conference came to be organised on a much larger scale and has grown to become a signi?cant international event in quantitative ?nance. Professor Plat...
This book develops a mathematical theory for finance, based on a simple and intuitive absence-of-arbitrage principle. This posits that it should not be possible to fund a non-trivial liability, starting with initial capital arbitrarily near zero. The principle is easy-to-test in specific models, as it is described in terms of the underlying market characteristics; it is shown to be equivalent to the existence of the so-called “Kelly” or growth-optimal portfolio, of the log-optimal portfolio, and of appropriate local martingale deflators. The resulting theory is powerful enough to treat in great generality the fundamental questions of hedging, valuation, and portfolio optimization. The bo...
Presents recent developments in the areas of differential equations, dynamical systems, and control of finke and infinite dimensional systems. Focuses on current trends in differential equations and dynamical system research-from Darameterdependence of solutions to robui control laws for inflnite dimensional systems.
The year 2000 is the centenary year of the publication of Bachelier's thesis which - together with Harry Markovitz Ph. D. dissertation on portfolio selection in 1952 and Fischer Black's and Myron Scholes' solution of an option pricing problem in 1973 - is considered as the starting point of modern finance as a mathematical discipline. On this remarkable anniversary the workshop on mathematical finance held at the University of Konstanz brought together practitioners, economists and mathematicians to discuss the state of the art. Apart from contributions to the known discrete, Brownian, and Lvy process models, first attempts to describe a market in a reasonable way by a fractional Brownian mo...
In this book, we endeavor to introduce readers to the cultural background, origins and historical development of traditional Chinese medicine. We surveyed the most important events in its long history and the conditions that influenced its development, including the cultural and philosophical ideas and assumptions that led to the development of the particular methods and techniques of healing that characterize Chinese medicine. Our goal is not to give an exhaustive survey of the history and philosophy of Chinese medicine, but rather to convey the patterns of its development and allow readers to gain an understanding of the distinctive features of traditional Chinese medicine.
This textbook provides a comprehensive view of TCM Otolaryngology based in part on the Chinese medical literature of the past 2,000 years which contains abundant references to diseases of the ears, nose, throat and mouth. Some of these theories and techniques continue to be used in clinics today, while others have fallen into disuse. Otolaryngology has developed rapidly in modern times, and thus many biomedical diagnostic and treatment methods have been integrated into TCM otolaryngology. Knowledge of both traditional theories and modern technology, as well as sufficient clinical experience are necessary for a comprehensive understanding of the topic as provided here. We are sorry that the DVD content are not included.