Mathematical Finance and Probability : A Discrete Introduction

Koch Medina, Pablo, Merino, Sandro

ISBN 10: 3764369213 / ISBN 13: 9783764369217

Editore: Springer Basel AG, 2002

Riguardo questo articolo

Ships from the UK. Former library book; may include library markings. Used book that is in excellent condition. May show signs of wear or have minor defects.

Codice articolo 52225729-20

Dati bibliografici

• Titolo: Mathematical Finance and Probability : A Discrete Introduction
• Editore: Springer Basel AG
• Data di pubblicazione: 2002
• Lingua: Inglese
• ISBN 10: 3764369213
• ISBN 13: 9783764369217
• Rilegatura: Brossura
• Edizione: 1st Edition.
• Condizione: Very Good

Descrizione articolo

Riassunto

This self-contained book presents the theory underlying the valuation of derivative financial instruments, which is becoming a standard part of the professional toolbox in the financial industry. It provides great insight into the underlying economic ideas in a very readable form, putting the reader in an excellent position to proceed to the more general continuous-time theory.

Dalla quarta di copertina

The objective of this book is to give a self-contained presentation to the theory underlying the valuation of derivative financial instruments, which

is becoming a standard part of the toolbox of professionals in the financial industry. Although a complete derivation of the Black-Scholes

option pricing formula is given, the focus is on finite-time models. Not going for the greatest possible level of generality is greatly rewarded by

a greater insight into the underlying economic ideas, putting the reader in an excellent position to proceed to the more general continuous-time

theory.

The material will be accessible to students and practitioners having a working knowledge of linear algebra and calculus. All additional material

is developed from the very beginning as needed. In particular, the book also offers an introduction to modern probability theory, albeit mostly

within the context of finite sample spaces.

The style of presentation will appeal to financial economics students seeking an elementary but rigorous introduction to the subject; mathematics

and physics students looking for an opportunity to become acquainted with this modern applied topic; and mathematicians, physicists or quantitatively inclined economists working in the financial industry.