The theory of pricing and hedging of derivative securities is mathematically sophisticated. This book is an introduction to the use of advanced probability theory in financial economics, presenting the necessary mathematics in a precise and rigorous manner. It enables the reader to understand journal literature with confidence, to apply the methods to new problems or to do original research in the field.
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Lars Tyge Nielsen is responsible for model risk management at Morgan Stanley Dean Witter & Co. in New York. Before joining Morgan Stanley Dean Witter, he was a chaired professor and associate dean at INSEAD, the international business school in Fontainebleau, France.
"This is a challenging and rewarding text. It will lead mathematics graduate students toward an interest in the problems of finance. It will lead finance graduate students toward the level of mathematical sophistication necessary to contribute to the literature in this field. It will also allow some academics currently teaching undergraduate and MBA derivatives courses to confirm or challenge their own often intuitive understanding of pricing, hedging, and arbitrage....The text is worth buying for the notes to Chapter 1 alone."--The Journal of Finance Research
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Book Description Oxford University Press, 1999. Hardcover. Book Condition: New. BRAND NEW BOOK!! SHIPS WITHIN 24 HOURS! Tracking Provided. DHL processing & USPS delivery for an average of 3-5 Day Standard & 2-3 Day Expedited! FREE INSURANCE! Fast & Personal Support! Careful Packaging. No Hassle, Full Refund Return Policy!. Bookseller Inventory # mon0000476266
Book Description Oxford Univ Pr, 1999. Hardcover. Book Condition: Brand New. 1st edition. 464 pages. 9.50x6.25x1.25 inches. In Stock. Bookseller Inventory # zk0198776195
Book Description Oxford University Press, 1999. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110198776195
Book Description Oxford University Press, 1999. Hardcover. Book Condition: New. book. Bookseller Inventory # M0198776195