On the No-arbitrage Principle and Option Pricing in a Fuzzy Market

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Discuss the no-arbitrage principle in a fuzzy market and present a model for pricing an option. Get a fuzzy price for the contingent claim in a market involving fuzzy elements,whose level set can be seen as the possible price level interval with given belief degree. Use fuzzy density function and fuzzy mean as evidence for such model. Also give an example for comparing the result of the model in this article and that of another pricing method.
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