allow the insider to have free lunches with vanishing risk, or even to exercise arbitrage. -- Brownian motion ; diffusion … ; free lunch ; arbitrage ; financial markets ; insider ; progressive enlargement of filtrations ; honest time …

An investor faced with a contingent claim may eliminate risk by (super-)hedging in a financial market. As this is often …-)hedge, depending on the accepted level of shortfall risk. -- risk management ; stochastic volatility ; shortfall risk ; Hedging …

This paper gives an overview of results and developments in the area of pricing and hedging contingent claims in an … mean-variance hedging, the variance-optimal martingale measure and the connections to closeness properties of spaces of … stochastic integrals. -- risk-minimization ; locally risk-minimizing ; mean-variance hedging ; minimal martingale measure …

currency basket, i.e. a linear combination of foreign currencies. In line with the mean-variance hedging approach, we determine …. The different estimators are compared with profit based criteria. -- exchange rates ; mean-variance hedging ; adaptive …