Market in the real world is inevitably incomplete, and a lot of delicate models under the complete market assumption fails in such a scenario. This paper deals with the hedging problem in incomplete market. It deals with three sources of incompleteness: non-continuous asset prices, illiquidity,...

In this paper we study estimating ruin probability which is an important problem in insurance. Our work is developed upon the existing nonparametric estimation method for the ruin probability in the classical risk model, which employs the Fourier transform but requires smoothing on the density...