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401-4910-58L 6 Credits MSC D-MATH

Nonlinear Expectations and Risk Measures

VVZ CR n/a

Last Updated: 2026-02-05 15:23:56

Abstract

The object of this seminar is to study the so-called g-evaluations and g-expectations, defined by solutions of a backward stochastic differential equation with g as its generating function. These provide a dynamic pricing mechanisms of financial derivatives. The well-known Black-Scholes formula is a typical model where the corresponding generating function g of the BSDE is a linear function.

General Information

Language
English
Levels
MSC

Examination

Type
ungraded semester performance

Course Components

Type Title Time & Place Hours
seminar Nonlinear Expectations and Risk Measures
  • Wed 10:15-12:00 (HG E 22)
2 h weekly

Offered In