Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Dynamic Markov Bridges and Market Microstructure

Dynamic Markov Bridges and Market Microstructure

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781493988334
Condition
New
Product Description

This book undertakes a detailed construction of Dynamic Markov Bridges using a combination of theory and real-world applications to drive home important concepts and methodologies. In Part I, theory is developed using tools from stochastic filtering, partial differential equations, Markov processes, and their interplay. Part II is devoted to the applications of the theory developed in Part I to asymmetric information models among financial agents, which include a strategic risk-neutral insider who possesses a private signal concerning the future value of the traded asset, non-strategic noise traders, and competitive risk-neutral market makers. A thorough analysis of optimality conditions for risk-neutral insiders is provided and the implications on equilibrium of non-Gaussian extensions are discussed. A Markov bridge, first considered by Paul Lvy in the context of Brownian motion, is a mathematical system that undergoeschanges in value from one state to another when the initial and final states are fixed. Markov bridges have many applications as stochastic models of real-world processes, especially within the areas of Economics and Finance. The construction of a Dynamic Markov Bridge, a useful extension of Markov bridge theory, addresses several important questions concerning how financial markets function, among them: how the presence of an insider trader impacts market efficiency; how insider trading on financial markets can be detected; how information assimilates in market prices; and the optimal pricing policy of a particular market maker. Principles in this book will appeal to probabilists, statisticians, economists, researchers, and graduate students interested in Markov bridges and market microstructure theory.

Available Colors
Available Sizes
1 Offer Price Range: $109.00 - $109.00
BEST PRICE

Single Product Purchase

$109.00
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$109.00 $109.00

$109.00
See Site In stock Visit Store

Similar Products

Inherited Metabolic Diseases

$119.00

Klinische Arterienpulsschreibung

$34.99

Algorithms and Models for the Web-Graph

$39.99

Die Alkali-Kieselsurereaktion

$84.99

Biotremology: Studying Vibrational Behavior

$169.99

Artificial Intelligence in Theory and Practice II

$169.99

Prosecution of Politicide in Ethiopia

$129.99

Experimental Studies of Interactive Decisions

$219.99

Understanding Pottery Function

$39.99

Channel Coding Techniques for Wireless Communications

$99.00

Waste Reduction in Precast Construction

$129.99

Untersuchungen zur Ermittlung gnstiger Herstellungsbedingungen fr die Baustellenste geschweiter

$59.99

Kosten- und Leistungsanalyse im Industriebetrieb

$44.99

Recommender Systems: Algorithms and their Applications

$199.99

Das Historische Drama in Deutschland

$79.99

Advances in Nanostructured Cellulose-based Biomaterials

$39.99

Shirley Chisholm Dared

$6.71

Computational Conflicts

$54.99

Fundamental British Values, Michel Foucault, and Religious Education Teacher Subjectivity

$119.99

Cell Impairment in Aging and Development

$39.99

Signifying Nothing

$59.99

Biodiversity in ecosystems: principles and case studies of different complexity levels

$169.99

Das Abendmahl des Leonardo da Vinci

$59.99

Geschichte der organischen Chemie

$79.99

Infrared Astronomy with Arrays

$259.00

Critical Social Psychology of Social Class

$129.99

Water Stress in Plants

$219.99

Hepatobiliary Transport: From Bench to Bedside

$169.99

Soil Grown Tall

$44.99

Herausforderungen der Wirtschaftsinformatik

$89.95

Quantitative Tamarkin Theory

$64.99

Middleware

$49.99

Astrophysics at Very High Energies

$54.99

Introduction to Optimization Methods and their Application in Statistics

$39.99

Konsolidierung eines umgekehrten Unternehmenserwerbs nach IFRS

$59.99

Arbeiten zur Analysis und zur mathematischen Logik

$69.95

Asia, Europe, and the Emergence of Modern Science

$54.99

Smart Cities

$39.99

Geochemische Untersuchungen im Bereich der Blei-Zinkerz-Lagersttte Maubach / Nordeifel

$29.99

The Migration of Power and North-South Inequalities

$54.99