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  • Search: subject:"Emergence of probability"
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Continuous price paths 1 Continuous time 1 Emergence of probability 1 Game-theoretic probability 1 Incomplete markets 1
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Vovk, Vladimir 1
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Finance and Stochastics 1
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Continuous-time trading and the emergence of probability
Vovk, Vladimir - In: Finance and Stochastics 16 (2012) 4, pp. 561-609
This paper establishes a non-stochastic analog of the celebrated result by Dubins and Schwarz about reduction of continuous martingales to Brownian motion via time change. We consider an idealized financial security with continuous price paths, without making any stochastic assumptions. It is...
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