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q-fin.GN2012
Ethics and Finance: the role of mathematics
Timothy C. Johnson
This paper presents the contemporary Fundamental Theorem of Asset Pricing as being equivalent to approaches to pricing that emerged before 1700 in the context of Virtue Ethics. Thi…
q-fin.CP2012
The solution of discretionary stopping problems with applications to the optimal timing of investment decisions
Timothy C. Johnson
We present a methodology for obtaining explicit solutions to infinite time horizon optimal stopping problems involving general, one-dimensional, Itô diffusions, payoff functions th…