Wang, Chun-fa Locally risk-minimizing hedging strategies for general payment process. (English) Zbl 1010.60062 Math. Appl. 15, No. 2, 126-131 (2002). The paper deals with determining locally risk-minimizing hedging strategies when the hedger’s liabilities are described by a general payoff stream. Existence and uniqueness are proved under the semimartingale assumption for the price of the risky process. Reviewer: Gheorghe Stoica (Saint John NB) MSC: 60H30 Applications of stochastic analysis (to PDEs, etc.) 91B28 Finance etc. (MSC2000) 60G44 Martingales with continuous parameter Keywords:Föllmer-Schweizer decomposition; Kunita-Watanabe decomposition; locally risk-minimizing; minimal martingale measure PDFBibTeX XMLCite \textit{C.-f. Wang}, Math. Appl. 15, No. 2, 126--131 (2002; Zbl 1010.60062)