thoroughly studied in the economic literature, a mathematical martingale theory of bubbles, based on an absence of arbitrage has … martingale measure used for pricing. In this way we are able to unify the classical martingale theory of bubbles with a …Financial bubbles have been present in the history of financial markets from the early days up to the modern age. An …

die Weltwirtschaft gegenwärtig in der schwersten Finanzkrise seit dem zweiten Weltkrieg befindet. Der Vergleich mit der …