[BOOK][B] Backward stochastic differential equations

J Zhang, J Zhang - 2017 - Springer
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Arbitrage and duality in nondominated discrete-time models

B Bouchard, M Nutz - 2015 - projecteuclid.org
We consider a nondominated model of a discrete-time financial market where stocks are
traded dynamically, and options are available for static hedging. In a general measure …

McKean–Vlasov optimal control: the dynamic programming principle

MF Djete, D Possamaï, X Tan - The Annals of Probability, 2022 - projecteuclid.org
We study the McKean–Vlasov optimal control problem with common noise which allow the
law of the control process to appear in the state dynamics under various formulations: strong …

[HTML][HTML] Constructing sublinear expectations on path space

M Nutz, R Van Handel - Stochastic processes and their applications, 2013 - Elsevier
We provide a general construction of time-consistent sublinear expectations on the space of
continuous paths. It yields the existence of the conditional G-expectation of a Borel …

Moral hazard in dynamic risk management

J Cvitanić, D Possamaï, N Touzi - Management Science, 2017 - pubsonline.informs.org
We consider a contracting problem in which a principal hires an agent to manage a risky
project. When the agent chooses volatility components of the output process and the …

Robust fundamental theorem for continuous processes

S Biagini, B Bouchard, C Kardaras… - Mathematical …, 2017 - Wiley Online Library
We study a continuous‐time financial market with continuous price processes under model
uncertainty, modeled via a family of possible physical measures. A robust notion of no …

Superreplication under volatility uncertainty for measurable claims

A Neufeld, M Nutz - 2013 - projecteuclid.org
Electron. J. Probab. 18 (2013), no. 48, DOI: 10.1214/EJP.v18-2358 Page 1 E lectro n i c J o u r
nal o f P r o b ability Electron. J. Probab. 18 (2013), no. 48, 1–14. ISSN: 1083-6489 DOI …

Pathwise construction of stochastic integrals

M Nutz - 2012 - projecteuclid.org
We propose a method to construct the stochastic integral simultaneously under a non-
dominated family of probability measures. Path-by-path, and without referring to a probability …

Stochastic control for a class of nonlinear kernels and applications

D Possamaï, X Tan, C Zhou - The Annals of Probability, 2018 - JSTOR
We consider a stochastic control problem for a class of nonlinear kernels. More precisely,
our problem of interest consists in the optimization, over a set of possibly nondominated …

Measuring distribution model risk

T Breuer, I Csiszár - Mathematical Finance, 2016 - Wiley Online Library
We propose to interpret distribution model risk as sensitivity of expected loss to changes in
the risk factor distribution, and to measure the distribution model risk of a portfolio by the …