Introduction to Stopping Time in Stochastic Finance Theory
We start with the definition of stopping time according to [4], p.283. We prove, that different definitions for stopping time can coincide. We give examples of stopping time using constant-functions or functions defined with the operator max or min (defined in [6], pp.37–38). Finally we give an exam...
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| Format: | Article |
| Language: | English |
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Sciendo
2017-07-01
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| Series: | Formalized Mathematics |
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| Online Access: | https://doi.org/10.1515/forma-2017-0010 |