Interval-Related Talks at the Second International Conference on Fuzzy Sets and Soft Computing in Economics and Finance

Interval-Related Talks at the Second International Conference on Fuzzy Sets and Soft Computing in... Reliable Computing (2007) 13: 113–117 DOI: 10.1007/s11155-006-9018-1  c Springer 2007 Interval-Related Talks at the Second International Conference on Fuzzy Sets and Soft Computing in Economics and Finance St. Petersburg, Russia, June 28—July 1, 2006 On June 28—July 1, 2006, an International Conference on Fuzzy Sets and Soft Computing in Economics and Finance was held in St. Petersburg, Russia. The main motivation for this conference was that in financial and economic situations, most parameters are known with uncertainty. It is therefore important to take this uncertainty into account when processing financial and economic data. Traditionally, the uncertainty in economics and finance is described by statistical models. This description is the basis of the current financial mathematics, that started largely with the Nobel-prize winning work of Black and Scholes who applied stochastic differential equations to the pricing of options. One of the main limitations of the traditional probabilistic approach to uncer- tainty is that this approach requires that we known the exact values of all the relevant probabilities. In many situations in science and engineering, the processes are reasonably sta- tionary, so in principle, by making sufficiently many calibration measurements, we can determine—with reasonable accuracy—all the probabilities related to measure- http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Reliable Computing Springer Journals

Interval-Related Talks at the Second International Conference on Fuzzy Sets and Soft Computing in Economics and Finance

Loading next page...
 
/lp/springer_journal/interval-related-talks-at-the-second-international-conference-on-fuzzy-IQ0a9XgwLg
Publisher
Springer Journals
Copyright
Copyright © 2007 by Springer Science + Business Media B.V.
Subject
Mathematics; Numeric Computing; Mathematical Modeling and Industrial Mathematics; Approximations and Expansions; Computational Mathematics and Numerical Analysis
ISSN
1385-3139
eISSN
1573-1340
D.O.I.
10.1007/s11155-006-9018-1
Publisher site
See Article on Publisher Site

Abstract

Reliable Computing (2007) 13: 113–117 DOI: 10.1007/s11155-006-9018-1  c Springer 2007 Interval-Related Talks at the Second International Conference on Fuzzy Sets and Soft Computing in Economics and Finance St. Petersburg, Russia, June 28—July 1, 2006 On June 28—July 1, 2006, an International Conference on Fuzzy Sets and Soft Computing in Economics and Finance was held in St. Petersburg, Russia. The main motivation for this conference was that in financial and economic situations, most parameters are known with uncertainty. It is therefore important to take this uncertainty into account when processing financial and economic data. Traditionally, the uncertainty in economics and finance is described by statistical models. This description is the basis of the current financial mathematics, that started largely with the Nobel-prize winning work of Black and Scholes who applied stochastic differential equations to the pricing of options. One of the main limitations of the traditional probabilistic approach to uncer- tainty is that this approach requires that we known the exact values of all the relevant probabilities. In many situations in science and engineering, the processes are reasonably sta- tionary, so in principle, by making sufficiently many calibration measurements, we can determine—with reasonable accuracy—all the probabilities related to measure-

Journal

Reliable ComputingSpringer Journals

Published: Nov 22, 2006

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off