Author | Bouleau, Nicolas. author |
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Title | Financial Markets and Martingales [electronic resource] : Observations on Science and Speculation / by Nicolas Bouleau |
Imprint | London : Springer London : Imprint: Springer, 1998 |
Connect to | http://dx.doi.org/10.1007/978-0-85729-382-4 |
Descript | XV, 151 p. 1 illus. online resource |
I. Martingales -- 1. Luck in the Casino -- 2. The Stock Market and Probability -- 3. Mathematical Development outside the Finance Sector -- II. Option Hedging: an Epistemological Rupture -- 4. The Unexpected Connection -- 5. A Different Approach -- 6. Hedging Risks Thanks to the Market -- III. Science and Speculation -- 7. A Complex Dynamic -- 8. Illusions of Chance -- 9. Three Types of Speculation -- 10. Practical and Moral Values -- IV. The Stakes and the Payoffs -- 11. Markets and Economy -- 12. The Special Role of Finance in the Production of Knowledge -- 13. Power and Innocence in Finance -- 14. Long Term Risks -- Conclusion