Why is the Clark-Ocone formula: $F = E[F] + \int_0^T E[D_t F | F_t] dW_t$
important, besides its applications to finance. That is, can you give examples of any important pieces of pure theory where this formula is of central importance?
Why is the Clark-Ocone formula: $F = E[F] + \int_0^T E[D_t F | F_t] dW_t$
important, besides its applications to finance. That is, can you give examples of any important pieces of pure theory where this formula is of central importance?
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