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Article . 2019 . Peer-reviewed
License: Springer TDM
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Atomic sublattices and basic derivatives in finance

Authors: Ioannis A. Polyrakis;

Atomic sublattices and basic derivatives in finance

Abstract

Suppose that E is a vector lattice where the ordering and the lattice operations in E are defined pointwise by a countable family $${\mathcal {F}}=\{f_i|i\in {{\mathbf {N}}}\}$$ of positive linear functional of E and Z is a sublattice of E. Based on algebraic and order properties of E we give necessary and sufficient conditions in order Z to be atomic. Especially we show the existence of a basic sequence $$\{b_n\}$$ of extremal points (atoms) of $$Z_+$$ so that for any $$x\in Z_+$$ a unique sequence $$({\widehat{x}}(n))$$ of real components of x with respect to $$\{b_n\}$$ exists so that $$x=\sup \{{\widehat{x}}(n)b_n\;|\;n\in {{\mathbf {N}}}\}$$ and also $$x=sup_{n}\sum _{i=1}^n{\widehat{x}}(i)b_i$$ . These results give an answer to the problem of the existence of basic derivatives in financial markets.

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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