Stochastic Calculus for Finance I: The Binomial Asset Pricing Model (Springer Finance) (v. 1)

4.21 avg rating
( 75 ratings by Goodreads )
 
9780387401003: Stochastic Calculus for Finance I: The Binomial Asset Pricing Model (Springer Finance) (v. 1)
View all copies of this ISBN edition:
 
 

Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S.

Has been tested in the classroom and revised over a period of several years

Exercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance

"synopsis" may belong to another edition of this title.

From the Back Cover:

Stochastic Calculus for Finance evolved from the first ten years of the Carnegie Mellon Professional Master's program in Computational Finance. The content of this book has been used successfully with students whose mathematics background consists of calculus and calculus-based probability. The text gives both precise statements of results, plausibility arguments, and even some proofs, but more importantly intuitive explanations developed and refine through classroom experience with this material are provided. The book includes a self-contained treatment of the probability theory needed for stchastic calculus, including Brownian motion and its properties. Advanced topics include foreign exchange models, forward measures, and jump-diffusion processes.

This book is being published in two volumes. The first volume presents the binomial asset-pricing model primarily as a vehicle for introducing in the simple setting the concepts needed for the continuous-time theory in the second volume.

Chapter summaries and detailed illustrations are included. Classroom tested exercises conclude every chapter. Some of these extend the theory and others are drawn from practical problems in quantitative finance.

Advanced undergraduates and Masters level students in mathematical finance and financial engineering will find this book useful.

Steven E. Shreve is Co-Founder of the Carnegie Mellon MS Program in Computational Finance and winner of the Carnegie Mellon Doherty Prize for sustained contributions to education.

Review:

Steven Shreves comprehensive two-volume Stochastic Calculus for Finance may well be the last word, at least for a while, in the flood of Masters level books.... a detailed and authoritative reference for quants (formerly known as rocket scientists). The books are derived from lecture notes that have been available on the Web for years and that have developed a huge cult following among students, instructors, and practitioners. The key ideaspresented in these works involve the mathematical theory of securities pricing based upon the ideas of classical finance.

...the beauty of mathematics is partly in the fact that it is self-contained and allows us to explore the logical implications of our hypotheses. The material of this volume of Shrevess text is a wonderful display of the use of mathematical probability to derive a large set of results from a small set of assumptions.

In summary, this is a well-written text that treats the key classical models of finance through an applied probability approach. It is accessible to a broad audience and has been developed after years of teaching the subject. It should serve as an excellent introduction for anyone studyin the mathematics of the classical theory of finance.

-- SIAM, 2005

From the reviews of the first edition:

Steven Shreve??'s comprehensive two-volume Stochastic Calculus for Finance may well be the last word, at least for a while, in the flood of Master??'s level books.... a detailed and authoritative reference for "quants??? (formerly known as "rocket scientists???). The books are derived from lecture notes that have been available on the Web for years and that have developed a huge cult following among students, instructors, and practitioners. The key ideaspresented in these works involve the mathematical theory of securities pricing based upon the ideas of classical finance.

...the beauty of mathematics is partly in the fact that it is self-contained and allows us to explore the logical implications of our hypotheses. The material of this volume of Shreves??'s text is a wonderful display of the use of mathematical probability to derive a large set of results from a small set of assumptions.

In summary, this is a well-written text that treats the key classical models of finance through an applied probability approach. It is accessible to a broad audience and has been developed after years of teaching the subject. It should serve as an excellent introduction for anyone studyin the mathematics of the classical theory of finance.

-- SIAM, 2005

"This is the first of the two-volume series evolving from the author??'s mathematics courses in M.Sc. Computational Finance program at Carnegie Mellon University (USA). The content of this book is organized such as to give the reader precise statements of results, plausibility arguments, mathematical proofs and, more importantly, the intuitive explanations of the financial and economic phenomena. Each chapter concludes with summary of the discussed matter, bibliographic notes, and a set of really useful exercises." (Neculai Curteanu, Zentralblatt MATH, Vol. 1068, 2005)

From the reviews of the first edition:

Steven Shrevea (TM)s comprehensive two-volume Stochastic Calculus for Finance may well be the last word, at least for a while, in the flood of Mastera (TM)s level books.... a detailed and authoritative reference for "quantsa (formerly known as "rocket scientistsa ). The books are derived from lecture notes that have been available on the Web for years and that have developed a huge cult following among students, instructors, and practitioners. The key ideaspresented in these works involve the mathematical theory of securities pricing based upon the ideas of classical finance.

...the beauty of mathematics is partly in the fact that it is self-contained and allows us to explore the logical implications of our hypotheses. The material of this volume of Shrevesa (TM)s text is a wonderful display of the use of mathematical probability to derive a large set of results from a small set of assumptions.

In summary, this is a well-written text that treats the key classical models of finance through an applied probability approach. It is accessible to a broad audience and has been developed after years of teaching the subject. It should serve as an excellent introduction for anyone studyin the mathematics of the classical theory of finance.

-- SIAM, 2005

"This is the first of the two-volume series evolving from the authora (TM)s mathematics courses in M.Sc. Computational Finance program at Carnegie Mellon University (USA). The content of this book is organized such as to give the reader precise statements of results, plausibility arguments, mathematical proofs and, more importantly, the intuitive explanations of the financial andeconomic phenomena. Each chapter concludes with summary of the discussed matter, bibliographic notes, and a set of really useful exercises." (Neculai Curteanu, Zentralblatt MATH, Vol. 1068, 2005)

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9780387249681: Stochastic Calculus for Finance I: The Binomial Asset Pricing Model (Springer Finance)

Featured Edition

ISBN 10:  0387249680 ISBN 13:  9780387249681
Publisher: Springer, 2005
Softcover

Top Search Results from the AbeBooks Marketplace

International Edition
International Edition

1.

Shreve S.E.
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Softcover Quantity Available: 5
International Edition
Seller:
Rating
[?]

Book Description Softcover. Condition: Brand New. .. International Edition, ISBN and Cover image may differ but contents similar to U.S. Edition, Printed in Black & White or color. Territorial restrictions may be printed on the book. GET IT FAST within 3-5 business days by DHL/FedEx/Aramex and tracking number will be uploaded into your order page within 24-48 hours. Kindly provide day time phone number in order to ensure smooth delivery. No shipping to PO BOX, APO, FPO addresses. 100% Customer satisfaction guaranteed!. . Seller Inventory # STB107090

More information about this seller | Contact this seller

Buy New
US$ 24.72
Convert currency

Add to Basket

Shipping: FREE
From India to U.S.A.
Destination, rates & speeds
International Edition
International Edition

2.

Shreve
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Paperback Quantity Available: 1
International Edition
Seller:
Nick Book House
(Fresno, CA, U.S.A.)
Rating
[?]

Book Description Paperback. Condition: New. New, Softcover International Edition, Printed in Black and White, Only USPS Media mail Shipping ONLY, Different ISBN, Same Content As US edition, Book Cover may be Different, in English Language. Seller Inventory # 16069

More information about this seller | Contact this seller

Buy New
US$ 27.11
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

3.

Steven E. Shreve
Published by Springer-Verlag New York Inc., United States (2004)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Hardcover Quantity Available: 10
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description Springer-Verlag New York Inc., United States, 2004. Hardback. Condition: New. 2004 ed.. Language: English. Brand new Book. Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S.Has been tested in the classroom and revised over a period of several yearsExercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance. Seller Inventory # SPR9780387401003

More information about this seller | Contact this seller

Buy New
US$ 52.29
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

4.

Steven E. Shreve
Published by Springer-Verlag New York Inc., United States (2004)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Hardcover Quantity Available: 10
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Springer-Verlag New York Inc., United States, 2004. Hardback. Condition: New. 2004 ed.. Language: English. Brand new Book. Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S.Has been tested in the classroom and revised over a period of several yearsExercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance. Seller Inventory # SPR9780387401003

More information about this seller | Contact this seller

Buy New
US$ 52.92
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

5.

Shreve, Steven E.
Published by Springer (2004)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Quantity Available: 10
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description Springer, 2004. HRD. Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Seller Inventory # S0-9780387401003

More information about this seller | Contact this seller

Buy New
US$ 43.40
Convert currency

Add to Basket

Shipping: US$ 11.49
From United Kingdom to U.S.A.
Destination, rates & speeds

6.

Shreve, Steven
Published by Springer (2016)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Paperback Quantity Available: 1
Print on Demand
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description Springer, 2016. Paperback. Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Seller Inventory # ria9780387401003_lsuk

More information about this seller | Contact this seller

Buy New
US$ 51.80
Convert currency

Add to Basket

Shipping: US$ 4.94
From United Kingdom to U.S.A.
Destination, rates & speeds

7.

Shreve, Steven E.
Published by Springer (2004)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Quantity Available: > 20
Print on Demand
Seller:
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description Springer, 2004. HRD. Condition: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # IQ-9780387401003

More information about this seller | Contact this seller

Buy New
US$ 53.30
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

8.

Steven Shreve (author)
Published by Springer New York 2004-04-21, New York |London (2004)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Hardcover Quantity Available: > 20
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Springer New York 2004-04-21, New York |London, 2004. hardback. Condition: New. Seller Inventory # 9780387401003

More information about this seller | Contact this seller

Buy New
US$ 47.86
Convert currency

Add to Basket

Shipping: US$ 9.57
From United Kingdom to U.S.A.
Destination, rates & speeds

9.

Steven Shreve, Steven E. Shreve
Published by Springer (2004)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Hardcover Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Springer, 2004. Hardcover. Condition: New. 2004. Seller Inventory # DADAX0387401008

More information about this seller | Contact this seller

Buy New
US$ 57.03
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

10.

Steven E. Shreve
Published by Springer-Verlag New York Inc., United States (2004)
ISBN 10: 0387401008 ISBN 13: 9780387401003
New Hardcover Quantity Available: 10
Seller:
Book Depository hard to find
(London, United Kingdom)
Rating
[?]

Book Description Springer-Verlag New York Inc., United States, 2004. Hardback. Condition: New. 2004 ed.. Language: English. Brand new Book. Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S.Has been tested in the classroom and revised over a period of several yearsExercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance. Seller Inventory # LIE9780387401003

More information about this seller | Contact this seller

Buy New
US$ 61.87
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book