RESEARCH SEMINARS SERIES IN MATHEMATICS APPLIED TO ECONOMICS AND MANAGEMENT Seminar

Wednesday, December 17, 2025

Conditioning random sets with applications in finance


Emmanuel Lepinette
(Centre de Recherche en Mathématiques de la Décision, CEREMADE, Paris-Dauphine University, PSL, Paris, France)

Abstract: In this talk, I will introduce new notions of conditional random sets that I have developed over the past few years. These concepts provide a powerful framework for addressing problems in mathematical finance, particularly in the context of super-hedging under market incompleteness. My main motivation arises from the need to handle financial market models with transaction costs, where the classical notion of a martingale measure is no longer valid. This setting calls for a novel theoretical approach as well as the development of efficient numerical procedures. I will present several models that have been completely solved within this framework and illustrate that the proposed numerical methods perform effectively on real financial data.

Wednesday, December 17, 2025
Time: 11h00
Room: TBA
http://cemapre.iseg.ulisboa.pt/seminars/cemapre-MAEM/