Friday, June 1, 2012

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MoneyScience News


Research Library: Space-time Finance: The Relativity Theory’s Implications for Mathematical Finance (pdf)

Posted: 01 Jun 2012 04:26 AM PDT

Espen Gaarder Haug Abstract Little or nothing is written about relativity theory in relation to mathematical finance. I will here explore relativity theory’s implications for mathematical finance. One of the main results from my reflections on this topic is that the volatility is different for every observer. However, what we will call volatility-time is invariant, that is the same for...

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