Game-theoretic probability and finance come of age Glenn Shafer and Vladimir Vovk’s Probability and Finance, published in 2001, showed that perfect-informatio

Provides a foundation for probability based on game theory rather than measure theory. A strong philosophical approach with practical applications. Presents in-

The use of the Black-Scholes model and formula is pervasive in financial markets. There are very few undergraduate textbooks available on the subject and, until

Evaluating statistical procedures through decision and game theory, as first proposed by Neyman and Pearson and extended by Wald, is the goal of this problem-or

Toward the late 1990s, several research groups independently began developing new, related theories in mathematical finance. These theories did away with the st