Max-Min problems are two-step allocation problems in which one side must make his move knowing that the other side will then learn what the move is and optimally counter. They are fundamental in parti- cular to military weapons-selection problems involving large systems such as Minuteman or Polaris, where the systems in the mix are so large that they cannot be concealed from an opponent. One must then expect the opponent to determine on an optlma...
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This textbook gives a comprehensive introduction to stochastic processes and calculus in the fields of finance and economics, more specifically mathematical finance and time series econometrics. Over...