Valuing the future and discounting in random environments: A review
We address the process of discounting in random environments, which allows valuation of the future in economic terms. We review several approaches to the problem regarding different well-established stochastic market dynamics in the continuous-time context and include the Feynman-Kac approach. We al...
| Main Authors: | , , , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
MDPI
2022
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