Sundaresan, Suresh M. - In: Journal of Finance 55 (2000) 4, pp. 1569-1622
I survey and assess the development of continuous-time methods in finance during the last 30 years. The subperiod 1969 to 1980 saw a dizzying pace of development with seminal ideas in derivatives securities pricing, term structure theory, asset pricing, and optimal consumption and portfolio...