How Long to Read Game-Theoretic Foundations for Probability and Finance

How Long Does it Take to Read Game-Theoretic Foundations for Probability and Finance?

It takes the average reader 8 hours to read Game-Theoretic Foundations for Probability and Finance by Glenn Shafer

Assuming a reading speed of 250 words per minute. Learn more

Description

Game-theoretic probability and finance come of age Glenn Shafer and Vladimir Vovk’s Probability and Finance, published in 2001, showed that perfect-information games can be used to define mathematical probability. Based on fifteen years of further research, Game-Theoretic Foundations for Probability and Finance presents a mature view of the foundational role game theory can play. Its account of probability theory opens the way to new methods of prediction and testing and makes many statistical methods more transparent and widely usable. Its contributions to finance theory include purely game-theoretic accounts of Ito’s stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory. Game-Theoretic Foundations for Probability and Finance is a book of research. It is also a teaching resource. Each chapter is supplemented with carefully designed exercises and notes relating the new theory to its historical context. Praise from early readers “Ever since Kolmogorov's Grundbegriffe, the standard mathematical treatment of probability theory has been measure-theoretic. In this ground-breaking work, Shafer and Vovk give a game-theoretic foundation instead. While being just as rigorous, the game-theoretic approach allows for vast and useful generalizations of classical measure-theoretic results, while also giving rise to new, radical ideas for prediction, statistics and mathematical finance without stochastic assumptions. The authors set out their theory in great detail, resulting in what is definitely one of the most important books on the foundations of probability to have appeared in the last few decades.” – Peter Grünwald, CWI and University of Leiden “Shafer and Vovk have thoroughly re-written their 2001 book on the game-theoretic foundations for probability and for finance. They have included an account of the tremendous growth that has occurred since, in the game-theoretic and pathwise approaches to stochastic analysis and in their applications to continuous-time finance. This new book will undoubtedly spur a better understanding of the foundations of these very important fields, and we should all be grateful to its authors.” – Ioannis Karatzas, Columbia University

How long is Game-Theoretic Foundations for Probability and Finance?

Game-Theoretic Foundations for Probability and Finance by Glenn Shafer is 480 pages long, and a total of 120,000 words.

This makes it 162% the length of the average book. It also has 147% more words than the average book.

How Long Does it Take to Read Game-Theoretic Foundations for Probability and Finance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 10 hours and 55 minutes to read Game-Theoretic Foundations for Probability and Finance aloud.

What Reading Level is Game-Theoretic Foundations for Probability and Finance?

Game-Theoretic Foundations for Probability and Finance is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Game-Theoretic Foundations for Probability and Finance?

Game-Theoretic Foundations for Probability and Finance by Glenn Shafer is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Game-Theoretic Foundations for Probability and Finance by Glenn Shafer on Amazon click the button below.