This book gives a systematical presentation of stochastic approximation methods for models of American-type options with general pay-off functions for discrete time Markov price processes. It is the first volume of the comprehensive two volumes monograph. Dmitrii S. Silvestrov, Stockholm...

The problem of estimating unknown parameters of a two-parameter distribution with bathtub shape is considered under the assumption that samples are hybrid censored. The maximum likelihood estimates are obtained using an EM algorithm. The Fisher information matrix is obtained as well and the...