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Excerpt from On the Mathematics and Economic Assumptions of Continuous-Time ModelsThe second component of cost is that the mathematical tools required for the formal manipulations used to derive the continuous-time equations are somewhat specialized and, therefore, may not be familiar. For example, the sample paths for stochastic variables generated by diffusion processes

Title : On the Mathematics and Economic Assumptions of Continuous-Time Models (Classic Reprint)
Author : Robert C. Merton
Language : en
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Type : PDF, ePub, Kindle
Uploaded : Apr 03, 2021

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