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Probability and Finance: It's Only a Game! Book

Probability and Finance: It's Only a Game!
Probability and Finance: It's Only a Game!, This volume describes how mathematical probability theory can dispense with the inconveniences of measure theory and how its applications, especially in finance, can be liberated from the myth of inherent randomness in nature. In doing so, it provides a u, Probability and Finance: It's Only a Game! has a rating of 5 stars
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Probability and Finance: It's Only a Game!, This volume describes how mathematical probability theory can dispense with the inconveniences of measure theory and how its applications, especially in finance, can be liberated from the myth of inherent randomness in nature. In doing so, it provides a u, Probability and Finance: It's Only a Game!
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  • Probability and Finance: It's Only a Game!
  • Written by author Glenn Shafer
  • Published by Wiley, John & Sons, Incorporated, June 2001
  • This volume describes how mathematical probability theory can dispense with the inconveniences of measure theory and how its applications, especially in finance, can be liberated from the myth of inherent randomness in nature. In doing so, it provides a u
  • A new game-theoretic approach to probability and financeProbability and Finance presents essential reading for anyone who studies or uses probability. Mathematicians and statisticians will find in it a new framework for probability: game theory ins
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Preface
1Probability and Finance as a Game1
Pt. IProbability without Measure27
2The Historical Context29
3The Bounded Strong Law of Large Numbers61
4Kolmogorov's Strong Law of Large Numbers75
5The Law of the Iterated Logarithm99
6The Weak Laws121
7Lindeberg's Theorem147
8The Generality of Probability Games167
Pt. IIFinance without Probability199
9Game-Theoretic Probability in Finance201
10Games for Pricing Options in Discrete Time237
11Games for Pricing Options in Continuous Time271
12The Generality of Game-Theoretic Pricing293
13Games for American Options317
14Games for Diffusion Processes335
15The Game-Theoretic Efficient-Market Hypothesis351
References375
Photograph Credits399
Notation403
Index405


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Probability and Finance: It's Only a Game!, This volume describes how mathematical probability theory can dispense with the inconveniences of measure theory and how its applications, especially in finance, can be liberated from the myth of inherent randomness in nature. In doing so, it provides a u, Probability and Finance: It's Only a Game!

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Probability and Finance: It's Only a Game!, This volume describes how mathematical probability theory can dispense with the inconveniences of measure theory and how its applications, especially in finance, can be liberated from the myth of inherent randomness in nature. In doing so, it provides a u, Probability and Finance: It's Only a Game!

Probability and Finance: It's Only a Game!

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Probability and Finance: It's Only a Game!, This volume describes how mathematical probability theory can dispense with the inconveniences of measure theory and how its applications, especially in finance, can be liberated from the myth of inherent randomness in nature. In doing so, it provides a u, Probability and Finance: It's Only a Game!

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