Financial Markets Modeled by Jump Diffusions

  • Bernt ØksendalEmail author
  • Agnès Sulem
Part of the Universitext book series (UTX)


It has been argued (see, e.g., [EK,B-N,Sc,Eb, CT]) that Lévy processes are relevant in mathematical finance, in particular in the modeling of stock prices. In this chapter we give a brief introduction to financial markets where the asset prices are represented by Itô–Lévy processes. For more information we refer to [CT].

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© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Department of MathematicsUniversity of OsloOsloNorway
  2. 2.Inria Research Center of ParisParisFrance

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