minimal hedging portfolios for a number of reward processes of the ``classical'', lookback and Asian type. These results …

We develop a new approach to pricing and hedging contingent claims in incomplete markets. Mimicking as closely as … can derive unique prices and corresponding optimal hedging strategies without invoking specific assumptions on preferences … explicitly taking into account optimal hedging strategies leads to positive market prices of risk for volatility even if the …

decomposition to the problem of hedging European and American style contingent claims in a setting of incomplete security markets. …

We deal with the valuration and hedging of non path-dependent European options on one or several underlyings in a model … of an international economy which allows for both interest rate and exchange rate risk. Using martingale theory we … provide a unified and easily applicable approach to pricing and hedging Black-Scholes type options on stocks, bonds, forwards …

means that for every contingent claim there exists a hedging strategy minimizing the expected square of net loss. …