Bastian Gross
01-07-2008, 07:52 PM
Hi,
I want to introduce this book about Game Theory to price options by Shafer and Vovk?
<IFRAME style="WIDTH: 120px; HEIGHT: 240px" marginWidth=0 marginHeight=0 src="http://rcm.amazon.com/e/cm?t=quantfinaneng-20&o=1&p=8&l=as1&asins=0471402265&fc1=000000&IS2=1<1=_blank&lc1=0000FF&bc1=FFFFFF&bg1=F7F7F7&f=ifr" frameBorder=0 scrolling=no></IFRAME>
They construct an interesting new mathematical (and philosophical) framework for probability theory and pricing derivates by using game theory.
I think, that this framework make sometimes smile but is unimpressive. And price/performance-ratio is to high.
But if someone read "Probability and Finance: It's Only a Game (http://www.amazon.com/Probability-Finance-Its-Only-Game/dp/0471402265/ref=sr_11_1?ie=UTF8&qid=1199749925&sr=11-1)!" at a library it's a new point of view.
I want to introduce this book about Game Theory to price options by Shafer and Vovk?
<IFRAME style="WIDTH: 120px; HEIGHT: 240px" marginWidth=0 marginHeight=0 src="http://rcm.amazon.com/e/cm?t=quantfinaneng-20&o=1&p=8&l=as1&asins=0471402265&fc1=000000&IS2=1<1=_blank&lc1=0000FF&bc1=FFFFFF&bg1=F7F7F7&f=ifr" frameBorder=0 scrolling=no></IFRAME>
They construct an interesting new mathematical (and philosophical) framework for probability theory and pricing derivates by using game theory.
I think, that this framework make sometimes smile but is unimpressive. And price/performance-ratio is to high.
But if someone read "Probability and Finance: It's Only a Game (http://www.amazon.com/Probability-Finance-Its-Only-Game/dp/0471402265/ref=sr_11_1?ie=UTF8&qid=1199749925&sr=11-1)!" at a library it's a new point of view.