Update: as of 2019 they have a new book out, Game-Theoretic Foundations for Probability and Finance.
They have added a game-theoretic derivation of Ito stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory.
Update: as of 2019 they have a new book out, Game-Theoretic Foundations for Probability and Finance.
They have added a game-theoretic derivation of Ito stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory.