Continuous-time trading and the emergence of volatility
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1. | Title | Title of document | Continuous-time trading and the emergence of volatility |
2. | Creator | Author's name, affiliation, country | Vladimir Vovk; Royal Holloway, University of London |
3. | Subject | Discipline(s) | |
3. | Subject | Keyword(s) | game-theoretic probability; continuous time; strong variation exponent |
3. | Subject | Subject classification | 60G17; 60G05; 60G44 |
4. | Description | Abstract | This note continues investigation of randomness-type properties emerging in idealized financial markets with continuous price processes. It is shown, without making any probabilistic assumptions, that the strong variation exponent of non-constant price processes has to be 2, as in the case of continuous martingales. |
5. | Publisher | Organizing agency, location | |
6. | Contributor | Sponsor(s) | EPSRC; Cyprus Research Promotion Foundation |
7. | Date | (YYYY-MM-DD) | 2008-06-17 |
8. | Type | Status & genre | Peer-reviewed Article |
8. | Type | Type | |
9. | Format | File format | |
10. | Identifier | Uniform Resource Identifier | http://ecp.ejpecp.org/article/view/1383 |
10. | Identifier | Digital Object Identifier | 10.1214/ECP.v13-1383 |
11. | Source | Journal/conference title; vol., no. (year) | Electronic Communications in Probability; Vol 13 |
12. | Language | English=en | |
14. | Coverage | Geo-spatial location, chronological period, research sample (gender, age, etc.) | |
15. | Rights | Copyright and permissions | The Electronic Journal of Probability applies the Creative Commons Attribution License (CCAL) to all articles we publish in this journal. Under the CCAL, authors retain ownership of the copyright for their article, but authors allow anyone to download, reuse, reprint, modify, distribute, and/or copy articles published in EJP, so long as the original authors and source are credited. This broad license was developed to facilitate open access to, and free use of, original works of all types. Applying this standard license to your work will ensure your right to make your work freely and openly available. Summary of the Creative Commons Attribution License You are free
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