Mathematical Finance Seminar
Date
Time
17:15
Location
TU; MA042
Shige Peng (Shandong University)
Solving probability measure uncertainty by nonlinear expectations
In 1921, economist Frank Knight published his famous ”Uncertainty, Risk and Profit”in which his challenging is still largely open. In this talk we explain why nonlinear expectation theory provides a powerful and fundamentally important mathematical tool to this century problem.