Provides a foundation for probability based on game theory rather than measure theory. A strong philosophical approach with practical applications. Presents in-

Game-theoretic probability and finance come of age Glenn Shafer and Vladimir Vovk’s Probability and Finance, published in 2001, showed that perfect-informatio

A comprehensive look at how probability and statistics is applied to the investment process Finance has become increasingly more quantitative, drawing on techni

A rigorous, unfussy introduction to modern probability theory that focuses squarely on applications in finance.

The use of the Black-Scholes model and formula is pervasive in financial markets. There are very few undergraduate textbooks available on the subject and, until