adamse
commented
10 years ago Add that r is stochastic to clarify "the expected value function \mathbb{E} should be applied to a random variable".
Closed joakimpersson closed 10 years ago
adamse
commented
10 years ago Add that r is stochastic to clarify "the expected value function \mathbb{E} should be applied to a random variable".
Equation 2.1 is pure non-sense. Sorry to say. You are using the following undefined entities and notations:
r St S,\pi \sum{k=0}^{T=k} maybe you meant \sum_{k=0}^{T} ?
Further, the expected value function \mathbb{E} should be applied to a random variable. I do not see such a beast here.