Tales in Economic theory and Mathematical Statistics

About The Book

This book contains three essays in economic theory: Myerson-Satterthwaite theorem and asymmetric auctions Auction theory and a note on game mechanisms and the third essay entitled Review of the binomial and trinomial models for option pricing and their convergence to the Black-Scholes model determined option prices. In each of these essays mathematical statistics alongside numerical optimizations has been used to prove theorems in microeconomics.
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