ABSTRACT

Provides mathematicians and applied researchers with a well-developed framework in which option pricing can be formulated, and a natural transition from the theory of optimal stopping problems to the valuation of different kinds of options. With the introduction of generalized optimal stopping theory, a unifying approach to option pricing is presented.

chapter 1|18 pages

Preliminary

chapter 2|40 pages

Optimal Stopping Problems

chapter 3|14 pages

Financial Markets

chapter 4|6 pages

Options - A General View