| Irreversible Decisions Under Uncertainty: Optimal Stopping Made Easy Contributor(s): Boyarchenko, Svetlana (Author), Levendorskii, Sergei (Author) |
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ISBN: 3642092934 ISBN-13: 9783642092930 Publisher: Springer OUR PRICE: $161.49 Product Type: Paperback - Other Formats Published: November 2010 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory - Mathematics | Game Theory - Business & Economics | Finance - General |
| Dewey: 515.642 |
| Series: Studies in Economic Theory |
| Physical Information: 0.64" H x 6.14" W x 9.21" (0.94 lbs) 285 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization. |