A Game Theory Analysis of Options

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Название: A Game Theory Analysis of Options

Автор:Alexandre Ziegler

Издательство: Springer

ISBN: 978-3-642-05846-2

Год: 2004

Страниц: 174

Формат: PDF

Язык: Английский

Размер: 13.9 Мб

Game Theory is the study of multi-person decision problems. Since its beginnings in the early 20th century and von Neumann's [86] proof of the minimax

theorem, game theory has evolved rapidly and is now a major field of economic theory. It has become a standard part of major economics textbooks

and is the main instrument of analysis in some important fields of economies,

such as industrial organization, corporate finance and financial intermediation. In spite of this development, in recent years, game theory has faced

methodological problems in handling uncertainty and timing decisions in dynamic models. This constitutes a severe limitation for the analysis of strategie

issues in financial decision-making, where uncertainty and risk are particularly important.

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