financial market that features volatility uncertainty. To have a mathematical consistent framework we use the notion of G … this more complex situation and consider stock price dynamics which exclude arbitrage opportunities. Due to volatility … claims and deduce explicit results in a Markovian setting. -- Pricing of contingent claims ; incomplete markets ; volatility …

Volatilities -- Extensions of the Black-Scholes theory to other types of options (futures options, currency options … volatilities in capital markets. Furthermore, he illustrates how to apply and extend the Black-Scholes theory to several fields in …

knowledge of probability theory as well as a general mathematical aptitude.Its simple presentation of complex algorithms …