Applied and Numerical Harmonic Analysis Series Editor John J. Benedetto University of Maryland Editorial Advisory Board Akram Aldroubi Vanderbilt University Ingrid Daubechies Princeton University Christopher Heil Georgia Institute of Technology James McClellan Georgia Institute of Technology Michael Unser Swiss Federal Institute of Technology, Lausanne M. Victor Wickerhauser Washington University Douglas Cochran Arizona State University Hans G. Feichtinger University of Vienna Murat Kunt Swiss Federal Institute of Technology, Lausanne Wim Sweldens Lucent Technologies, Bell Laboratories Martin Vetterli Swiss Federal Institute of Technology, Lausanne .Advances in Mathematical Finance Michael C. Fu Robert A. Jarrow Ju-Yi J. Yen Robert J. Elliott Editors Birkh¨ user a • Basel •.