The concept of a non-extreme-outcome-additive capacity (neo-additive capacity ) is introduced. Neo-additive capacities model optimistic and pessimistic attitudes towards uncertainty as observed in many experimental studies. Moreover, neo-additive capacities can be applied easily in economic...

Die Softwarebranche beklagt sich ?ber durch Raubkopien verursachte Sch?den in H?he von mehreren Miliarden Euro. In diesem Zusammenhang wird oft die Forderung laut, das Internet m?sse besser ?berwacht werden, um die zunehmende Verbreitung von Raubkopien einzud?mmen. Erg?nzend verlangen viele...

We estimate the process underlying the pricing of American options by using higher-order lattices combined with a multigrid method. This paper also tests whether the risk-neutral densities given from American options provide a good forecasting tool. We use a nonparametric test of the densities...