. -I. B 71,467-479 (2009). A sophisticated and important analysis of a major flaw in the pricing of derivatives. 22. Pfiska. S. R. fntroduction to Mathematical Finance: Discrete Time Modals (Blackwell. 1997). 23. Arrow, KJ. & Debreu. G. Existence of an equilibrium for a competitive economy. £conometrica 22, 265-2

regation » in Economics, a Master's degree in Applied Mathematics and a Master's degree in Finance from Paris IX Dauphine. He was a PhD candidate in Mathematical Finance at the University of Paris IX Dauphine. Sylvain Rey, Founding Partner As a graduate of Telecom SudParis with a specialty in parallel and distribut