Takehara, Kohta; Toda, Masashi; Takahashi, Akihiko - In: The International Journal of Business and Finance Research 5 (2011) 3, pp. 87-99
Recently academic researchers and practitioners have use the asymptotic expansion method to examine a variety of financial issues under high-dimensional stochastic environments. This methodology is mathematically justified by Watanabe theory (Watanabe, 1987), and Malliavin calculus (Yoshida,...