Bernardo and Ledoit (2000) develop a very appealing framework to compute pricing bounds based on the so-called gain … the numerical computation of the pricing bounds. In this note we provide an simple procedure for their computation which …

certain modes of behavior due to learning by doing. This paper provides discrete-time adjustment processes for strategic games … beliefs supported by observed play in the recent past, in line with much of the literature on learning. These processes … eventually settle down in the minimal prep sets of Voorneveld (2004, 2005). -- adjustment ; learning ; minimal prep sets …

. -- Asymmetric Information ; Adverse Selection ; Learning ; Health Insurance …

In this paper we discuss the significant computational simplification that occurs when option pricing is approached … additional option pricing problems within the framework of a change of numeraire: 1. Pricing savings plans which incorporate a … choice of linkage. 2. Pricing convertible bonds. 3. Pricing employee stock ownership plans 4. Pricing options where the …