Change of Probability and Martingale Representation

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The main result is here the so-called Girsanov theorem that is useful for constructing equivalent probabilities. In the Brownian case, we mention the representation of Brownian martingales as stochastic integrals. The case of the fractional Brownian motion is also considered.

Original languageEnglish
Title of host publicationBocconi and Springer Series
PublisherSpringer-Verlag Italia s.r.l.
Pages233-257
Number of pages25
DOIs
Publication statusPublished - 1 Jan 2022

Publication series

NameBocconi and Springer Series
Volume11
ISSN (Print)2039-1471
ISSN (Electronic)2039-148X

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