Introduction to the Mathematics of Finance (Graduate Studies in Mathematics, Vol. 72) - Hardcover

Williams, R. J.

Hardcover

ISBN 10: 0821839039 ISBN 13: 9780821839034

Publisher: Amer Mathematical Society, 2006

Synopsis

This monograph introduces graduate level students and researchers to some of the elements of mathematical finance. It is assumed that the reader has a basic knowledge of probability theory, and an acquaintance with stochastic calculus is also desirable. The material in the book is based on a series of lectures given by the author at the U. of California, San Diego. Topics include (for example) financial markets and derivatives; the binomial or CRR model; and the Black-Scholes model. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)

About this title

Review

"The text is clearly written and well-arranged and most of the results are proved in detail. Each chapter is completed with exercises, which makes the textbook very comprehensive." -- --EMS Newsletter

This monograph gives a far-reaching and easily readable advanced introduction to the mathematical modelling of the absence of riskless financial profits, as well as to the connected topic of pricing and risk-protecting-replication/hedging of securities whose value depend on an underlying asset. ...The book's style is pragmatic, precise, concise, with smoothly and fast increasing technical level including the quotation of mathematical subtleties. --Wolfgang Stummer

Edition details

• Publisher: Amer Mathematical Society
• Publication date: 2006
• Language: English
• ISBN 10: 0821839039
• ISBN 13: 9780821839034
• Binding: Hardcover
• Number of pages: 150