Abstract
Mathematical finance is one of the most influential driving forces behind the research into stochastic processes. This is due to the fact that a significant part of the world’s financial markets relies on stochastic models as the underlying basis for valuation and risk management. But, perhaps more surprisingly, the financial market was also one of the main drivers that led to their discovery.
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© 2005 Birkhäuser Boston
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(2005). Applications to Finance and Insurance. In: An Introduction to Continuous-Time Stochastic Processes. Modeling and Simulation in Science, Engineering and Technology. Birkhäuser Boston. https://doi.org/10.1007/0-8176-4428-8_5
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DOI: https://doi.org/10.1007/0-8176-4428-8_5
Publisher Name: Birkhäuser Boston
Print ISBN: 978-0-8176-3234-2
Online ISBN: 978-0-8176-4428-4
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