stochastic calculus in finance jan posp sil university of west bohemia department of matheatics plzen czech republic rostock 25 29 6 2o12 jan posp sil stochastic calculus in finance outline ...
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...Stochastic calculus in finance jan posp sil university of west bohemia department matheatics plzen czech republic rostock o outline motivation and little history binomial model random walk scaled brownian motion wiener process analysis integral it s formula dierential equations black scholes merton harry m markowitz portfolio selection the journal utility wealth political economy cowles foundation paper lx ph d thesis at chicago ecient diversication investments new york john wiley sons constructed a micro theory management for individual holders baruch college city rady school california san diego h miller cost capital corporate investment holt rinehart winston first one with no arbitrage argument risk less money machines harward johns hopkins...