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Document type:
Buchbeitrag 
Author(s):
Bannör, K. F.; Scherer, M. 
Cooperation:
Title:
Model risk and uncertainty – Illustrated with examples from mathematical finance 
Pages contribution:
Abstract:
Stochastic modeling techniques have become increasingly popular during the last decades, particularly in mathematical finance since the groundbreaking work of Bachelier [16], Samuelson [44], and Black and Scholes [3]. Essentially, all models are wrong in the sense that they simplify reality. However, there are numerous models available to model particular phenomena of financial markets and calculated option prices, hedging strategies, portfolio allocations, etc. depend on the chosen model. This...    »
 
Editor:
C. Klüppelberg, D. Straub, and L. Welpe 
Book title:
Risk - A Multidisciplinary Introduction 
Intellectual Contribution:
Learning and Pedagogical Research 
Publisher:
Springer 
Year:
2014 
Reviewed:
ja 
Language:
en 
TUM Institution:
Lehrstuhl für Finanzmathematik 
Format:
Text 
Key publication:
Ja 
Peer reviewed:
ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Category:
textbook