Delayed forward-backward SDE in financial modeling

Date/heure
7 mai 2026
10:45 - 11:45

Lieu
Salle de conférences Nancy

Oratrice ou orateur
Auguste Aman (Université Félix Houphouët-Boigny, Côte d'Ivoire)

Catégorie d'évènement
Séminaire Probabilités et Statistique


Résumé
We derive an explicit formula for a price of an European option associated to a stock price which follows a linear differential equation with a general delay in the drift term. We use an equivalent martingale measure method based on Girsanov’s property. When it is impossible to find a martingale measure, we introduce the link with backward stochastic equations.