Martingale Methods in Financial Modelling (Applications of Mathematics)

M Musiela, Marek Rutkowski, Antonio Jose Engler

ISBN 10: 354061477X / ISBN 13: 9783540614777

Editore: Springer-Verlag Berlin and Heidelberg GmbH & Co. K, 1998

Martingale Methods in Financial Modelling (Applications of Mathematics) This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. . Codice articolo 7719-9783540614777

Riassunto:

This book provides a comprehensive and self-contained treat- ment of the theory and practice of option pricing. The role of martingale methods in financial modeling is exposed. The emphasis is on using arbitrage-free models already accepted by the market as well as on building the new ones but in a way that makes them consistent with the finance industry derivatives pricing practice. Standard calls and puts together with numerous examples of exotic options such as barriers and quantos, for example on stocks, indices, currencies and interest rates are analysed. The importance of choosing a convenient numeraire in price calculations is explained. Mathematical and financial language is used so as to bring mathematicians closer to practical problems of finance and presenting to the industry useful math. tools.

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Titolo: Martingale Methods in Financial Modelling (...
Casa editrice: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Data di pubblicazione: 1998
Legatura: Hardcover
Condizione: Very Good