{"product_id":"optimal-stochastic-control-stochastic-target-problems-and-backward-sde-29-fields-institute-monographs","title":"Optimal Stochastic Control, Stochastic Target Problems, and Backward SDE: 29 (Fields Institute Monographs)","description":"\u003ch3 data-start=\"64\" data-end=\"85\"\u003e\u003cstrong data-start=\"68\" data-end=\"85\"\u003eBook Details:\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul data-start=\"87\" data-end=\"298\"\u003e\n\u003cli data-start=\"87\" data-end=\"114\"\u003e\n\u003cp data-start=\"89\" data-end=\"114\"\u003e\u003cstrong data-start=\"89\" data-end=\"103\"\u003ePublisher:\u003c\/strong\u003e Springer\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"115\" data-end=\"142\"\u003e\n\u003cp data-start=\"117\" data-end=\"142\"\u003e\u003cstrong data-start=\"117\" data-end=\"128\"\u003eAuthor:\u003c\/strong\u003e Nizar Touzi\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"143\" data-end=\"168\"\u003e\n\u003cp data-start=\"145\" data-end=\"168\"\u003e\u003cstrong data-start=\"145\" data-end=\"158\"\u003eLanguage:\u003c\/strong\u003e English\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"169\" data-end=\"195\"\u003e\n\u003cp data-start=\"171\" data-end=\"195\"\u003e\u003cstrong data-start=\"171\" data-end=\"183\"\u003eBinding:\u003c\/strong\u003e Paperback\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"196\" data-end=\"223\"\u003e\n\u003cp data-start=\"198\" data-end=\"223\"\u003e\u003cstrong data-start=\"198\" data-end=\"207\"\u003eISBN:\u003c\/strong\u003e 9781493900428\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"224\" data-end=\"242\"\u003e\n\u003cp data-start=\"226\" data-end=\"242\"\u003e\u003cstrong data-start=\"226\" data-end=\"236\"\u003ePages:\u003c\/strong\u003e 214\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"243\" data-end=\"275\"\u003e\n\u003cp data-start=\"245\" data-end=\"275\"\u003e\u003cstrong data-start=\"245\" data-end=\"262\"\u003eRelease Date:\u003c\/strong\u003e 15-10-2014\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"276\" data-end=\"298\"\u003e\n\u003cp data-start=\"278\" data-end=\"298\"\u003e\u003cstrong data-start=\"278\" data-end=\"289\"\u003eFormat:\u003c\/strong\u003e Import\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003chr data-start=\"300\" data-end=\"303\"\u003e\n\u003ch3 data-start=\"305\" data-end=\"328\"\u003e\u003cstrong data-start=\"309\" data-end=\"328\"\u003eAbout The Book:\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp data-start=\"330\" data-end=\"700\"\u003e\u003cstrong data-start=\"330\" data-end=\"382\"\u003e\"Stochastic Control and Applications to Finance\"\u003c\/strong\u003e by \u003cstrong data-start=\"386\" data-end=\"401\"\u003eNizar Touzi\u003c\/strong\u003e presents \u003cstrong data-start=\"411\" data-end=\"463\"\u003erecent advancements in stochastic control theory\u003c\/strong\u003e with direct applications to \u003cstrong data-start=\"492\" data-end=\"517\"\u003efinancial mathematics\u003c\/strong\u003e. This specialized work is essential for researchers, students, and practitioners who are looking to explore the interplay between \u003cstrong data-start=\"648\" data-end=\"672\"\u003estochastic processes\u003c\/strong\u003e and \u003cstrong data-start=\"677\" data-end=\"699\"\u003efinancial modeling\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp data-start=\"702\" data-end=\"1023\"\u003eThe book provides a comprehensive treatment of \u003cstrong data-start=\"749\" data-end=\"780\"\u003estochastic control problems\u003c\/strong\u003e from the perspective of the \u003cstrong data-start=\"809\" data-end=\"847\"\u003eweak dynamic programming principle\u003c\/strong\u003e. Special attention is paid to \u003cstrong data-start=\"878\" data-end=\"899\"\u003eregularity issues\u003c\/strong\u003e, particularly the behavior of the \u003cstrong data-start=\"934\" data-end=\"952\"\u003evalue function\u003c\/strong\u003e near the boundary, an area that is critical in practical applications.\u003c\/p\u003e\n\u003cp data-start=\"1025\" data-end=\"1417\"\u003eTouzi takes a \u003cstrong data-start=\"1039\" data-end=\"1062\"\u003emethodical approach\u003c\/strong\u003e to the subject, starting with an overview of the \u003cstrong data-start=\"1112\" data-end=\"1151\"\u003emain tools from viscosity solutions\u003c\/strong\u003e, which resolve key regularity problems that often arise in stochastic control. He then extends the theory to a \u003cstrong data-start=\"1263\" data-end=\"1302\"\u003eclass of stochastic target problems\u003c\/strong\u003e, which significantly broadens traditional stochastic control applications, particularly in \u003cstrong data-start=\"1394\" data-end=\"1416\"\u003efinancial contexts\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp data-start=\"1419\" data-end=\"1807\"\u003eA key part of the book deals with the \u003cstrong data-start=\"1457\" data-end=\"1490\"\u003etheory of viscosity solutions\u003c\/strong\u003e and how it aids in deriving the \u003cstrong data-start=\"1523\" data-end=\"1555\"\u003edynamic programming equation\u003c\/strong\u003e, which is crucial for understanding the \u003cstrong data-start=\"1596\" data-end=\"1625\"\u003einfinitesimal counterpart\u003c\/strong\u003e of geometric dynamic programming equations. These developments have been greatly influenced by real-world financial issues such as \u003cstrong data-start=\"1757\" data-end=\"1781\"\u003eilliquidity modeling\u003c\/strong\u003e and \u003cstrong data-start=\"1786\" data-end=\"1806\"\u003equantile hedging\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp data-start=\"1809\" data-end=\"2063\"\u003eThe third part of the book provides an insightful \u003cstrong data-start=\"1859\" data-end=\"1925\"\u003eoverview of Backward Stochastic Differential Equations (BSDEs)\u003c\/strong\u003e, as well as their extensions to the \u003cstrong data-start=\"1962\" data-end=\"1980\"\u003equadratic case\u003c\/strong\u003e, opening up new avenues in the analysis and optimization of \u003cstrong data-start=\"2041\" data-end=\"2062\"\u003efinancial systems\u003c\/strong\u003e.\u003c\/p\u003e\n\u003chr data-start=\"2065\" data-end=\"2068\"\u003e\n\u003cp data-start=\"2070\" data-end=\"2365\"\u003eThis book is a must-have resource for anyone looking to deepen their understanding of \u003cstrong data-start=\"2156\" data-end=\"2185\"\u003estochastic control theory\u003c\/strong\u003e and its application to \u003cstrong data-start=\"2209\" data-end=\"2234\"\u003efinancial mathematics\u003c\/strong\u003e, especially those interested in \u003cstrong data-start=\"2267\" data-end=\"2290\"\u003edynamic programming\u003c\/strong\u003e, \u003cstrong data-start=\"2292\" data-end=\"2338\"\u003ebackward stochastic differential equations\u003c\/strong\u003e, and \u003cstrong data-start=\"2344\" data-end=\"2364\"\u003equantile hedging\u003c\/strong\u003e.\u003c\/p\u003e","brand":"SPRINGER PUBLISHING COMPANY","offers":[{"title":"Default Title","offer_id":49939459932464,"sku":"Sarat_9781461442851","price":7137.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0690\/9968\/4144\/files\/springer-publishing-company-book-default-title-optimal-stochastic-control-stochastic-target-problems-and-backward-sde-29-fields-institute-monographs-41286146064688.jpg?v=1775948367","url":"https:\/\/www.retailmaharaj.com\/bn\/products\/optimal-stochastic-control-stochastic-target-problems-and-backward-sde-29-fields-institute-monographs","provider":"Retail Maharaj","version":"1.0","type":"link"}