ISBN: 9781420093452
ID: 9781420093452
Filling the void between surveys of the field with relatively light mathematical content and books with a rigorous, formal approach to stochastic integration and probabilistic ideas, Stochastic Financial Models provides a sound introduction to mathematical finance. The author takes a classical applied mathematical approach, focusing on calculations rather than seeking the greatest generality. Developed from the esteemed author's advanced undergraduate and graduate courses at Filling the void between surveys of the field with relatively light mathematical content and books with a rigorous, formal approach to stochastic integration and probabilistic ideas, Stochastic Financial Models provides a sound introduction to mathematical finance. The author takes a classical applied mathematical approach, focusing on calculations rather than seeking the greatest generality. Developed from the esteemed author's advanced undergraduate and graduate courses at the University of Cambridge, the text begins with the classical topics of utility and the mean-variance approach to portfolio choice. The remainder of the book deals with derivative pricing. The author fully explains the binomial model since it is central to understanding the pricing of derivatives by self-financing hedging portfolios. He then discusses the general discrete-time model, Brownian motion and the Black-Scholes model. The book concludes with a look at various interest-rate models. Concepts from measure-theoretic probability and solutions to the end-of-chapter exercises are provided in the appendices. By exploring the important and exciting application area of mathematical finance, this text encourages students to learn more about probability, martingales and stochastic integration. It shows how mathematical concepts, such as the Black-Scholes and Gaussian random-field models, are used in financial situations. Textbooks New, Books~~Business & Economics~~Investments & Securities~~General, Stochastic-Financial-Models~~Douglas-Kennedy, 999999999, Stochastic Financial Models, Douglas Kennedy, Contribution by M.A.H. Dempster, Contribution by Rama Cont, Contribution by Dilip B. Madan, 1420093452, Taylor & Francis, , , , , Taylor & Francis
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ISBN: 9781420093452
ID: 9253652
Filling the void between surveys of the field with relatively light mathematical content and books with a rigorous, formal approach to stochastic integration and probabilistic ideas, Stochastic Financial Models provides a sound introduction to mathematical finance. The author takes a classical applied mathematical approach, focusing on calculations rather than seeking the greatest generality. Filling the void between surveys of the field with relatively light mathematical content and books with a rigorous, formal approach to stochastic integration and probabilistic ideas, Stochastic Financial Models provides a sound introduction to mathematical finance. The author takes a classical applied mathematical approach, focusing on calculations rather than seeking the greatest generality. Developed from the esteemed author's advanced undergraduate and graduate courses at the University of Cambridge, the text begins with the classical topics of utility and the mean-variance approach to portfolio choice. The remainder of the book deals with derivative pricing. The author fully explains the binomial model since it is central to understanding the pricing of derivatives by self-financing hedging portfolios. He then discusses the general discrete-time model, Brownian motion and the Black-Scholes model. The book concludes with a look at various interest-rate models. Concepts from measure-theoretic probability and solutions to the end-of-chapter exercises are provided in the appendices. By exploring the important and exciting application area of mathematical finance, this text encourages students to learn more about probability, martingales and stochastic integration. It shows how mathematical concepts, such as the Black-Scholes and Gaussian random-field models, are used in financial situations. Books, Business, Finance and Law~~Finance & Accounting~~Finance, Stochastic Financial Models~~Book~~9781420093452~~Douglas Kennedy, , , , , , , , , ,, [PU: CRC Press]
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ISBN: 9781420093452
ID: 9781420093452
Stochastic Financial Models Stochastic-Financial-Models~~Douglas-Kennedy Science/Tech>Mathematics>Mathematics Hardcover, Taylor & Francis
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Title: | Stochastic Financial Models |
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Details of the book - Stochastic Financial Models
EAN (ISBN-13): 9781420093452
ISBN (ISBN-10): 1420093452
Hardcover
Publishing year: 2010
Publisher: CRC PR INC
257 Pages
Weight: 0,538 kg
Language: eng/Englisch
Book in our database since 15.09.2011 17:46:38
Book found last time on 13.03.2016 17:07:16
ISBN/EAN: 1420093452
ISBN - alternate spelling:
1-4200-9345-2, 978-1-4200-9345-2
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