The impact of Kiyoshi Itô´s stochastic calculus of financial economics

dc.creator	Ruge-Leiva, Diego Iván
dc.date	2016-10-06
dc.date.accessioned	2022-03-22T19:37:19Z
dc.date.available	2022-03-22T19:37:19Z
dc.identifier	https://revistas.uexternado.edu.co/index.php/odeon/article/view/4650
dc.identifier	10.18601/17941113.n10.07
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/100391
dc.description	We discuss the direct or indirect incorporation into financial economics of Kiyoshi Itô´s work on stochastic calculus, particularly the Itô formula, the relevance of his findings for option pricing theory and the way his work has been used to find a unique option pricing function in a competitive and non-arbitrage market. On that basis, we discuss how the option pricing theory may be linked with the general equilibrium theory and other aspects of conventional economics, and finally, Itô’s role in econophysics.	es-ES
dc.publisher	Facultad de Finanzas, Gobierno y Relaciones Internacionales	es-ES
dc.source	ODEON; Núm. 10 (2016): Enero-Junio; 157-184	es-ES
dc.source	2346-2140
dc.source	1794-1113
dc.subject	Stochastic Dynamic Equations	es-ES
dc.subject	Contingent Claim	es-ES
dc.subject	Pure Securities	es-ES
dc.subject	Econophysics	es-ES
dc.title	The impact of Kiyoshi Itô´s stochastic calculus of financial economics	es-ES
dc.type	info:eu-repo/semantics/article
dc.type	info:eu-repo/semantics/publishedVersion