A convergence result for the Emery topology and a variant of the proof of the fundamental theorem of asset pricing
- Working Paper
We show that No unbounded profit with bounded risk (NUPBR) implies predictable uniform tightness (P-UT), a boundedness property in the Emery topology which has been introduced by C. Stricker . Combining this insight with well known results from J. M´emin and L. S lominski  leads to a short variant of the proof of the fundamental theorem of asset pricing initially proved by F. Delbaen and W. Schachermayer . The results are formulated in the general setting of admissible portfolio wealth processes as laid down by Y. Kabanov in  Show more
Journal / seriesarXiv
Pages / Article No.
Organisational unit03845 - Teichmann, Josef
NotesSubmitted on 20 June 2014, Last revised 10 July 2014. See also http://e-citations.ethbib.ethz.ch/view/pub:165912.
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