Vovk, Vladimir (2007) Continuous-time trading and emergence of randomness.
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A new definition of events of game-theoretic probability zero in continuous time is proposed and used to prove results suggesting that trading in financial markets results in the emergence of properties usually associated with randomness. This paper concentrates on "qualitative" results, stated in terms of order (or order topology) rather than in terms of the precise values taken by the price processes (assumed continuous).
This is a Submitted version This version's date is: 8/12/2007 This item is not peer reviewed
https://repository.royalholloway.ac.uk/items/f0c6c7b3-3074-69c0-e62d-447f4ba41b65/2/
Deposited by Research Information System (atira) on 24-Jul-2012 in Royal Holloway Research Online.Last modified on 24-Jul-2012
14 pages