Nikeghbali, Ashkan; Platen, Eckhard - 2008
portfolio op-
timization, derivative pricing, hedging and risk management can still be consis-
tently performed, see Platen … stopping time.
However, already the knowledge of the law of such time can provide the investor
with precious information.
Such … it is in pension fund
management and insurance. Furthermore, it is not that one wants to actually
receive the payofi f(§1 …