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Stochastic Finance

By Amanda Turner

Stochastic Finance

By Amanda Turner

0 - Default Title
Description
Stochastic Finance provides an introduction to mathematical finance that is unparalleled in its accessibility. Through classroom testing, the authors have identified common pain points for students, and their approach takes great care to help the reader to overcome these difficulties and to foster understanding where comparable texts often do not. Written for advanced undergraduate students, and making use of numerous detailed examples to illustrate key concepts, this text provides all the mathematical foundations necessary to model transactions in the world of finance. A first course in probability is the only necessary background. The book begins with the discrete binomial model and the finite market model, followed by the continuous Black-Scholes model. It studies the pricing of European options by combining financial concepts such as arbitrage and self-financing trading strategies with probabilistic tools such as sigma algebras, martingales and stochastic integration. All these concepts are introduced in a relaxed and user-friendly fashion.
Product details
Binding:
Paperback
Edition:
1
Number of Pages:
264
Release Date:
2023-02-09
Publication Date:
2023-02-09
Publisher:
Cambridge University Press
Languages:
Original: English
ISBN10:
1009048945
ISBN13:
9781009048941
GPSR Manufacturer Reference:
[email protected]
Weight:
517 g
Height:
189 cm
Width:
246 cm
Thickness:
14 cm
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