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We study the limiting behavior of solutions to appropriately rescaled versions of the Allen-Cahn equation, a model for phase transition in polycrystalline material. We rigourously establish the existence in the limit of a phase-antiphase interface evolving according to mean curvature motion. This assertion is valid for all positive time, the motion interpreted in the generalized sense of Evans-Spruck and Chen-Giga-Goto after the onset of geometric singularities.

The duality between the robust (or equivalently, model independent) hedging of path dependent European options and a martingale optimal transport problem is proved. The financial market is modeled through a risky asset whose price is only assumed to be a continuous function of time. The hedging problem is to construct a minimal super-hedging portfolio that consists of dynamically trading the underlying risky asset and a static position of vanilla options which can be exercised at the given, fixed maturity. The dual is a Monge-Kantorovich type martingale transport problem of maximizing the expected value of the option over all martingale measures that have a given marginal at maturity. In addition to duality, a family of simple, piecewise constant super-replication portfolios that asymptotically achieve the minimal super-replication cost is constructed.