{"product_id":"9788847025196","title":"Peacocks and Associated Martingales, with Explicit Constructions","description":"We call peacock an integrable process which is increasing in the convex order; such a notion plays an important role in Mathematical Finance. A deep theorem due to Kellerer states that a process is a peacock if and only if it has the same one-dimensional marginals as a martingale. Such a martingale is then said to be associated to this peacock.\u003cbr\u003eIn this monograph, we exhibit numerous examples of peacocks and associated martingales with the help of different methods: construction of sheets, time reversal, time inversion, self-decomposability, SDE, Skorokhod embeddings. They are developed in eight chapters, with about a hundred of exercises.","brand":"Springer Milan","offers":[{"title":"Default Title","offer_id":47053537509616,"sku":"9788847025196","price":122.18,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9788847025196_p0.jpg?v=1763754775","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9788847025196","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}