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

This book addresses the functioning of financial markets, in particular the financial market model, and modelling. More specifically, the book provides a model

Steadily growing applications of game theory in modern science (including psychology, biology and economics) require sources to provide rapid access in both cla

The current financial crisis has revealed serious flaws in models, measures and, potentially, theories, that failed to provide forward-looking expectations for

The book gives a systematical presentation of stochastic approximation methods for discrete time Markov price processes. Advanced methods combining backward rec