Cargando…
Efficient Markets and Contingent Claims Valuation: An Information Theoretic Approach
This research article shows how the pricing of derivative securities can be seen from the context of stochastic optimal control theory and information theory. The financial market is seen as an information processing system, which optimizes an information functional. An optimization problem is const...
| Autor principal: | |
|---|---|
| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
MDPI
2020
|
| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7712322/ https://www.ncbi.nlm.nih.gov/pubmed/33287050 http://dx.doi.org/10.3390/e22111283 |