Books in the De Gruyter Studies in Mathematics series

This book is an introduction to financial mathematics. It is intended for graduate students in mathematics and for researchers working in academia and industry. The focus on stochastic models in discrete time has two immediate benefits. First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems in the theory of pricing and hedging of financial derivatives. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. Thus, the need to confront the intrinsic risks arising from market incomleteness appears at a very early stage. The first part of the book contains a study of a simple one-period model, which also serves as a building block for later developments. Topics include the characterization of arbitrage-free markets, preferences on asset profiles, an introduction to equilibrium analysis, and monetary measures of financial risk. In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk. This third revised and extended edition now contains more than one hundred exercises. It also includes new material on risk measures and the related issue of model uncertainty, in particular a new chapter on dynamic risk measures and new sections on robust utility maximization and on efficient hedging with convex risk measures.

This monograph is a concise introduction to the stochastic calculus of variations for processes with jumps. The author provides many results on this topic in a self-contained way. The book also contains some applications of the stochastic calculus for processes with jumps to the control theory and mathematical finance. This third, entirely revised edition of the work was updated to reflected the latest developments in the theory.

Complex analysis is found in many applications of applied mathematics, from mechanical and electrical engineering to quantum mechanics. The coverage includes . These topics include, a more detailed treatment of Univalent functions, and Harmonic functions, and normal families. As well as presentations of the Dirichlet Problem, Green's function, and Laplace transform.

This book provides an introduction into the modern theory of classical harmonic analysis, dealing with Fourier analysis and the most elementary singular integral operators, the Hilbert transform and Riesz transforms. Ideal for self-study or a one semester course in Fourier analysis, included are detailed examples and exercises.

This monograph contains a study on various function classes, a number of new results and new or easy proofs of old results (Fefferman-Stein theorem on subharmonic behavior, theorems on conjugate functions and fractional integration on Bergman spaces, Fefferman's duality theorem), which are interesting for specialists; applications of the Hardy-Littlewood inequalities on Taylor coefficients to (C, )-maximal theorems and (C, )-convergence; a study of BMOA, due to Knese, based only on Green's formula; the problem of membership of singular inner functions in Besov and Hardy-Sobolev spaces; a full discussion of g-function (all p > 0) and Caldern's area theorem; a new proof, due to Astala and Koskela, of the Littlewood-Paley inequality for univalent functions; and new results and proofs on Lipschitz spaces, coefficient multipliers and duality, including compact multipliers and multipliers on spaces with non-normal weights. It also contains a discussion of analytic functions and lacunary series with values in quasi-Banach spaces with applications to function spaces and composition operators. Sixteen open questions are posed. The reader is assumed to have a good foundation in Lebesgue integration, complex analysis, functional analysis, and Fourier series. Further information can be found at the author's website at http://poincare.matf.bg.ac.rs/~pavlovic.

This monograph summarizes and extends a number of results on the topology of trigonal curves in geometrically ruled surfaces. An emphasis is given to various applications of the theory to a few related areas, most notably singular plane curves of small degree, elliptic surfaces, and Lefschetz fibrations (both complex and real), and Hurwitz equivalence of braid monodromy factorizations. The approach relies on a close relation between trigonal curves/elliptic surfaces, a certain class of ribbon graphs, and subgroups of the modular group, which provides a combinatorial framework for the study of geometric objects. A brief summary of the necessary auxiliary results and techniques used and a background of the principal problems dealt with are included in the text. The book is intended to researchers and graduate students in the field of topology of complex and real algebraic varieties.

The series is devoted to the publication of monographs and high-level textbooks in mathematics, mathematical methods and their applications. Apart from covering important areas of current interest, a major aim is to make topics of an interdisciplinary nature accessible to the non-specialist. The works in this series are addressed to advanced students and researchers in mathematics and theoretical physics. In addition, it can serve as a guide for lectures and seminars on a graduate level. The series de Gruyter Studies in Mathematics was founded ca. 35 years ago by the late Professor Heinz Bauer and Professor Peter Gabriel with the aim to establish a series of monographs and textbooks of high standard, written by scholars with an international reputation presenting current fields of research in pure and applied mathematics.While the editorial board of the Studies has changed with the years, the aspirations of the Studies are unchanged. In times of rapid growth of mathematical knowledge carefully written monographs and textbooks written by experts are needed more than ever, not least to pave the way for the next generation of mathematicians. In this sense the editorial board and the publisher of the Studies are devoted to continue the Studies as a service to the mathematical community. Please submit any book proposals to Niels Jacob.

This book presents a novel approach to umbral calculus, which uses only elementary linear algebra (matrix calculus) based on the observation that there is an isomorphism between Sheffer polynomials and Riordan matrices, and that Sheffer polynomials can be expressed in terms of determinants. Additionally, applications to linear interpolation and operator approximation theory are presented in many settings related to various families of polynomials.

This authoritative book on periodic locally compact groups is divided into three parts: The first part covers the necessary background material on locally compact groups including the Chabauty topology on the space of closed subgroups of a locally compact group, its Sylow theory, and the introduction, classifi cation and use of inductively monothetic groups. The second part develops a general structure theory of locally compact near abelian groups, pointing out some of its connections with number theory and graph theory and illustrating it by a large exhibit of examples. Finally, the third part uses this theory for a complete, enlarged and novel presentation of Mukhin's pioneering work generalizing to locally compact groups Iwasawa's early investigations of the lattice of subgroups of abstract groups. Contents Part I: Background information on locally compact groups Locally compact spaces and groups Periodic locally compact groups and their Sylow theory Abelian periodic groups Scalar automorphisms and the mastergraph Inductively monothetic groups Part II: Near abelian groups The definition of near abelian groups Important consequences of the definitions Trivial near abelian groups The class of near abelian groups The Sylow structure of periodic nontrivial near abelian groups and their prime graphs A list of examples Part III: Applications Classifying topologically quasihamiltonian groups Locally compact groups with a modular subgroup lattice Strongly topologically quasihamiltonian groups

Canonical systems occupy a central position in the spectral theory of second order differential operators. They may be used to realize arbitrary spectral data, and the classical operators such as Schrödinger, Jacobi, Dirac, and Sturm-Liouville equations can be written in this form. ¿Spectral Theory of Canonical Systems¿ offers a selfcontained and detailed introduction to this theory. Techniques to construct self-adjoint realizations in suitable Hilbert spaces, a modern treatment of de Branges spaces, and direct and inverse spectral problems are discussed. Contents Basic definitions Symmetric and self-adjoint relations Spectral representation Transfer matrices and de Branges spaces Inverse spectral theory Some applications The absolutely continuous spectrum

The study of univalent functions dates back to the early years of the 20th century, and is one of the most popular research areas in complex analysis. This book is directed at introducing and bringing up to date current research in the area of univalent functions, with an emphasis on the important subclasses, thus providing an accessible resource suitable for both beginning and experienced researchers.

This book develops the basic theory of fractional calculus and anomalous diffusion, from the point of view of probability. It covers basic limit theorems for random variables and random vectors with heavy tails, including regular variation, triangular arrays, infinitely divisible laws, random walks, and stochastic process convergence. This second edition includes a new chapter on numerical methods, with practical examples and computer codes.

This comprehensive two-volume work is devoted to the most general beginnings of mathematics. It goes back to Hausdorff's classic Set Theory (2nd ed., 1927), where set theory and the theory of functions were expounded as the fundamental parts of mathematics in such a way that there was no need for references to other sources. Along the lines of Hausdorff's initial work (1st ed., 1914), measure and integration theory is also included here as the third fundamental part of contemporary mathematics.The material about sets and numbers is placed in Volume 1 and the material about functions and measures is placed in Volume 2. a Contents Fundamentals of the theory of classes, sets, and numbers Characterization of all natural models of Neumann - Bernays - Godel and Zermelo - Fraenkel set theories Local theory of sets as a foundation for category theory and its connection with the Zermelo - Fraenkel set theory Compactness theorem for generalized second-order language

This comprehensive two-volume work is devoted to the most general beginnings of mathematics. It goes back to Hausdorff's classic Set Theory (2nd ed., 1927), where set theory and the theory of functions were expounded as the fundamental parts of mathematics in such a way that there was no need for references to other sources. Along the lines of Hausdorff's initial work (1st ed., 1914), measure and integration theory is also included here as the third fundamental part of contemporary mathematics. The material about sets and numbers is placed in Volume 1 and the material about functions and measures is placed in Volume 2. Contents Historical foreword on the centenary after Felix Hausdorff's classic Set Theory Fundamentals of the theory of functions Fundamentals of the measure theory Historical notes on the Riesz - Radon - Frechet problem of characterization of Radon integrals as linear functionals

This self-contained text is a step-by-step introduction and a complete overview of interval computation and result verification, a subject whose importance has steadily increased over the past many years. The author, an expert in the field, gently presents the theory of interval analysis through many examples and exercises, and guides the reader from the basics of the theory to current research topics in the mathematics of computation. Contents Preliminaries Real intervals Interval vectors, interval matrices Expressions, P-contraction, I -inflation Linear systems of equations Nonlinear systems of equations Eigenvalue problems Automatic differentiation Complex intervals

The general topic of this book is the ergodic behavior of Markov processes. A detailed introduction to methods for proving ergodicity and upper bounds for ergodic rates is presented in the first part of the book, with the focus put on weak ergodic rates, typical for Markov systems with complicated structure. The second part is devoted to the application of these methods to limit theorems for functionals of Markov processes. The book is aimed at a wide audience with a background in probability and measure theory. Some knowledge of stochastic processes and stochastic differential equations helps in a deeper understanding of specific examples. Contentsa Part I: Ergodic Rates for Markov Chains and ProcessesMarkov Chains with Discrete State SpacesGeneral Markov Chains: Ergodicity in Total VariationMarkovProcesseswithContinuousTimeWeak Ergodic Rates Part II: Limit TheoremsThe Law of Large Numbers and the Central Limit TheoremFunctional Limit Theorems

Due to the strong appeal and wide use of this monograph, it is now available in its third revised edition. The monograph gives a systematic treatment of 3-dimensional topological quantum field theories (TQFTs) based on the work of the author with N. Reshetikhin and O. Viro. This subject was inspired by the discovery of the Jones polynomial of knots and the Witten-Chern-Simons field theory. On the algebraic side, the study of 3-dimensional TQFTs has been influenced by the theory of braided categories and the theory of quantum groups.The book is divided into three parts. Part I presents a construction of 3-dimensional TQFTs and 2-dimensional modular functors from so-called modular categories. This gives a vast class of knot invariants and 3-manifold invariants as well as a class of linear representations of the mapping class groups of surfaces. In Part II the technique of 6j-symbols is used to define state sum invariants of 3-manifolds. Their relation to the TQFTs constructed in Part I is established via the theory of shadows. Part III provides constructions of modular categories, based on quantum groups and skein modules of tangles in the 3-space.This fundamental contribution to topological quantum field theory is accessible to graduate students in mathematics and physics with knowledge of basic algebra and topology. It is an indispensable source for everyone who wishes to enter the forefront of this fascinating area at the borderline of mathematics and physics. Contents:Invariants of graphs in Euclidean 3-space and of closed 3-manifoldsFoundations of topological quantum field theoryThree-dimensional topological quantum field theoryTwo-dimensional modular functors6j-symbolsSimplicial state sums on 3-manifoldsShadows of manifolds and state sums on shadowsConstructions of modular categories