Probability criterion has its practical significance, and its investment decision-making is determined by the expected discounted wealth. In a complete, standard financial market with short-selling allowed, this paper...Probability criterion has its practical significance, and its investment decision-making is determined by the expected discounted wealth. In a complete, standard financial market with short-selling allowed, this paper probes into the investment decision-making with probability criterion. The upper limit of criterion function is obtained. The corresponding discounted wealth process and hedging portfolio process are provided. Finally, an illustrative example of one-dimensional constant-coefficient financial market is given.展开更多
The main colors of the Forbidden City are Red and Yellow,which can represent rich cultural deposits.According to the Chinese traditional culture,the Red of the Forbidden City has always been regarded as a positive col...The main colors of the Forbidden City are Red and Yellow,which can represent rich cultural deposits.According to the Chinese traditional culture,the Red of the Forbidden City has always been regarded as a positive color of celebration,conveying dignity and happiness.The Yellow color is usually considered as a promising color,and represents a bumper harvest.Based on the principle of the Five Elements,Fire is red,which means breeding and encouragement,and shows prosperity and a solid foundation for the country.Yellow represents Winged Dragon,belonging to the Center of the Earth,and symbolizes the divine right of emperors.Therefore,the color of the Forbidden City(see Figure 1)is of great significance to the development of history and the revival of culture.We still need to work determinedly for the protection of the cultural heritages,so that more people can have the opportunity to understand the brilliance of Chinese civilization.展开更多
基金This project was supported by the National Natural Science Foundation of China(70171004)Tianjin Natural Science Foundation(013602611).
文摘Probability criterion has its practical significance, and its investment decision-making is determined by the expected discounted wealth. In a complete, standard financial market with short-selling allowed, this paper probes into the investment decision-making with probability criterion. The upper limit of criterion function is obtained. The corresponding discounted wealth process and hedging portfolio process are provided. Finally, an illustrative example of one-dimensional constant-coefficient financial market is given.
文摘The main colors of the Forbidden City are Red and Yellow,which can represent rich cultural deposits.According to the Chinese traditional culture,the Red of the Forbidden City has always been regarded as a positive color of celebration,conveying dignity and happiness.The Yellow color is usually considered as a promising color,and represents a bumper harvest.Based on the principle of the Five Elements,Fire is red,which means breeding and encouragement,and shows prosperity and a solid foundation for the country.Yellow represents Winged Dragon,belonging to the Center of the Earth,and symbolizes the divine right of emperors.Therefore,the color of the Forbidden City(see Figure 1)is of great significance to the development of history and the revival of culture.We still need to work determinedly for the protection of the cultural heritages,so that more people can have the opportunity to understand the brilliance of Chinese civilization.
