{"product_id":"9783540737452","title":"Studies in Economic Theory: Optimal Stopping Made Easy","description":"\u003ch1\u003eStudies in Economic Theory: Optimal Stopping Made Easy\u003c\/h1\u003e \u003ch2\u003eBoyarchenko, Svetlana; Levendorskii, Sergei\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn real life, as well as in economic models, individuals often make decisions in an uncertain environment. In many cases, a problem which an optimizing agent faces can be formulated or reformulated as a problem of optimal timing of a certain irreversible or partially reversible action or optimal stopping problem. In this book, the authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2007-09-03\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783540737452\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-540-73746-9\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 285\u003c\/p\u003e ","brand":"Springer Berlin Heidelberg","offers":[{"title":"Default Title","offer_id":50090924867724,"sku":"9783540737452","price":152.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783540737452.jpg?v=1779506267","url":"https:\/\/lateknightbooks.com\/products\/9783540737452","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}