Portfolio Strategy of Financial Market with Regime Switching Driven by Geometric Lévy Process

The problem of a portfolio strategy for financial market with regime switching driven by geometric Lévy process is investigated in this paper. The considered financial market includes one bond and multiple stocks which has few researches up to now. A new and general Black-Scholes (B-S) model is set...

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Bibliographic Details
Main Authors: Liuwei Zhou, Zhijie Wang
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2014/538041
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