# Errata

Page numbers refer to the print version of the book. These errors are corrected in the online version of the book. Please let us know if you find any other errors.

• p25: In Proposition 2.6 the random variables must be non-negative.
• p269: The limit in the definition of the directional derivative in 26.3 should be from the right.
• p356-357: $\log(4/\delta)$ appears three times on these pages. All should be $\log(1/(4\delta))$.
• p415: In Note 6, the variance should be $r V_{t-1}^{-1}$ instead of $r V_{t-1}$.