Nonequilibrium Geometric No-Arbitrage Principle and Asset Pricing Theorem

We find a novel and intimate correspondence in the present paper between the martingale and one-parameter transformation group and develop a nonequilibrium geometric no-arbitrage principle to a frictional financial market via this correspondence. Further, we achieve a fundamental pricing theorem via...

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Xehetasun bibliografikoak
Egile Nagusiak: Wanxiao Tang, Peibiao Zhao
Formatua: Artikulua
Hizkuntza:English
Argitaratua: Hindawi Limited 2023-01-01
Saila:Discrete Dynamics in Nature and Society
Sarrera elektronikoa:http://dx.doi.org/10.1155/2023/9077099