01160nam 2200349 n 450 99638860390331620221108054822.0(CKB)1000000000644082(EEBO)2248547208(UnM)99836115(EXLCZ)99100000000064408219900827d1623 uy |engurbn||||a|bb|The prisoners plaint[electronic resource] a sermon preached by Gualter Ashton, Master of Arts, prisoner in the Kings Bench for debt, before the imprisoned and others in that place, vpon the 25. of August. 1622London Printed by Augustine Mathewes1623[6], 22 pReproduction of the original in the British Library.eebo-0018ImprisonmentSermonsSermons, English17th centuryImprisonmentSermons, EnglishAshton Walterb. 1585 or 6.1021880Cu-RivESCu-RivESCStRLINWaOLNBOOK996388603903316The prisoners plaint2426691UNISA04110nam 2200841z- 450 991055776180332120210501(CKB)5400000000045744(oapen)https://directory.doabooks.org/handle/20.500.12854/68658(oapen)doab68658(EXLCZ)99540000000004574420202105d2020 |y 0engurmn|---annantxtrdacontentcrdamediacrrdacarrierApplications of Stochastic Optimal Control to Economics and FinanceBasel, SwitzerlandMDPI - Multidisciplinary Digital Publishing Institute20201 online resource (210 p.)3-03936-058-2 3-03936-059-0 In a world dominated by uncertainty, modeling and understanding the optimal behavior of agents is of the utmost importance. Many problems in economics, finance, and actuarial science naturally require decision makers to undertake choices in stochastic environments. Examples include optimal individual consumption and retirement choices, optimal management of portfolios and risk, hedging, optimal timing issues in pricing American options, and investment decisions. Stochastic control theory provides the methods and results to tackle all such problems. This book is a collection of the papers published in the Special Issue "Applications of Stochastic Optimal Control to Economics and Finance", which appeared in the open access journal Risks in 2019. It contains seven peer-reviewed papers dealing with stochastic control models motivated by important questions in economics and finance. Each model is rigorously mathematically funded and treated, and the numerical methods are employed to derive the optimal solution. The topics of the book's chapters range from optimal public debt management to optimal reinsurance, real options in energy markets, and optimal portfolio choice in partial and complete information settings. From a mathematical point of view, techniques and arguments of dynamic programming theory, filtering theory, optimal stopping, one-dimensional diffusions and multi-dimensional jump processes are used.Economics, Finance, Business and ManagementbicsscAmerican call optionAmerican optionsasymptotic arbitrageBayesian learningbinomial treecomplete marketdebt crisisdecision analysisderivatives pricingenergy imbalance marketexcess-of-loss reinsurancefree boundary problemgeneral diffusiongeometric Brownian motiongovernment debt managementgovernment debt ratioHamilton-Jacobi-Bellman equationinsuranceleast square methodMarkov additive processesMarkov regime switching marketMarkovian jump securitiesMarkowitz problemmartingalemultiple optimal stoppingoptimal government debt ceilingoptimal portfoliooptimal reinsuranceoptimal stoppingportfolio selectionquadrinomial treereal option analysisrisk managementstochastic controlstochastic factor modelstochastic interest ratesunemploymentutilityEconomics, Finance, Business and ManagementFederico Salvatoreedt774537Ferrari GiorgioedtRegis LucaedtFederico SalvatoreothFerrari GiorgioothRegis LucaothBOOK9910557761803321Applications of Stochastic Optimal Control to Economics and Finance3036317UNINA