Vortrag aus Archiv

Affine processes and non-linear differential equations (joint work with Georg Grafendorfer and Christa Cuchiero)

09.05.2016 16:45 - 17:45

Affine processes have been used extensively to model financial phenomena since their marginal distributions are very tractable from an analytic point of view (up to the solution of a non-linear differential equation). It is well known by works of Dynkin-McKean-LeJan-Sznitman that one can turn this around and represent solutions of non-linear PDEs by affine processes. Recent advances in mathematical Finance in this direction have been contributed by Henry-Labordere and Touzi. We shall contribute some general theory and some new aspects to this field.

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