{"product_id":"game-theoretic-foundations-for-probability-and-finance-9780470903056","title":"Game-Theoretic Foundations for Probability and Finance","description":"\u003cp\u003e\u003cb\u003eGame-theoretic probability and finance come of age\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGlenn Shafer and Vladimir Vovk's \u003ci\u003eProbability and Finance\u003c\/i\u003e, published in 2001, showed that perfect-information games can be used to define mathematical probability. Based on fifteen years of further research, \u003ci\u003eGame-Theoretic Foundations for Probability and Finance\u003c\/i\u003e presents a mature view of the foundational role game theory can play. Its account of probability theory opens the way to new methods of prediction and testing and makes many statistical methods more transparent and widely usable. Its contributions to finance theory include purely game-theoretic accounts of Ito's stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eGame-Theoretic Foundations for Probability and Finance\u003c\/i\u003e is a book of research. It is also a teaching resource. Each chapter is supplemented with carefully designed exercises and notes relating the new theory to its historical context.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePraise from early readers\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Ever since Kolmogorov's \u003ci\u003eGrundbegriffe\u003c\/i\u003e, the standard mathematical treatment of probability theory has been measure-theoretic. In this ground-breaking work, Shafer and Vovk give a game-theoretic foundation instead. While being just as rigorous, the game-theoretic approach allows for vast and useful generalizations of classical measure-theoretic results, while also giving rise to new, radical ideas for prediction, statistics and mathematical finance without stochastic assumptions. The authors set out their theory in great detail, resulting in what is definitely one of the most important books on the foundations of probability to have appeared in the last few decades.\" - Peter Gr nwald, CWI and University of Leiden\u003c\/p\u003e \u003cp\u003e\"Shafer and Vovk have thoroughly re-written their 2001 book on the game-theoretic foundations for probability and for finance. They have included an account of the tremendous growth that has occurred since, in the game-theoretic and pathwise approaches to stochastic analysis and in their applications to continuous-time finance. This new book will undoubtedly spur a better understanding of the foundations of these very important fields, and we should all be grateful to its authors.\" - Ioannis Karatzas, Columbia University\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Glenn Shafer, Vladimir Vovk\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/29\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 480\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.95lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.20w x 1.00d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780470903056\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eGlenn Shafer\u003c\/b\u003e is University Professor at Rutgers University. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eVladimir Vovk\u003c\/b\u003e is Professor in the Department of Computer Science at Royal Holloway, University of London. \u003c\/p\u003e\u003cp\u003eShafer and Vovk are the authors of \u003ci\u003eProbability and Finance: It's Only a Game\u003c\/i\u003e, published by Wiley and co-authors of \u003ci\u003eAlgorithmic Learning in a Random World\u003c\/i\u003e. Shafer's other previous books include \u003ci\u003eA Mathematical Theory of Evidence\u003c\/i\u003e and \u003ci\u003eThe Art of Causal Conjecture.\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":40110244069491,"sku":"9.78047E+12","price":119.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_8bd0b051-96b1-416e-aaf7-504bd3b777e2.jpg?v=1653402820","url":"https:\/\/bookstorenmore.com\/products\/game-theoretic-foundations-for-probability-and-finance-9780470903056","provider":"Bookstore N More","version":"1.0","type":"link"}