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Introduction to the Mathematics of Finance (Graduate Studies in Mathematics, Vol. 72) - Hardcover
Book 59 of 190: Graduate Studies in Mathematics
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)
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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
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Introduction to the Mathematics of Finance
Published by
American Mathematical Society, 2006
ISBN 10: 0821839039
ISBN 13: 9780821839034
Used
Hardcover
Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.
Seller rating 5 out of 5 stars
Hardback. Condition: Fair. The modern subject of mathematical finance has undergone considerable development, both in theory and practice, since the seminal work of Black and Scholes appeared a third of a century ago. This book is intended as an introduction to some elements of the theory that will enable students and researchers to go on to read more advanced texts and research papers. The book begins with the development of the basic ideas of hedging and pricing of European and American derivatives in the discrete (i.e., discrete time and discrete state) setting of binomial tree models. Then a general discrete finite market model is introduced, and the fundamental theorems of asset pricing are proved in this setting.Tools from probability such as conditional expectation, filtration, (super) martingale, equivalent martingale measure, and martingale representation are all used first in this simple discrete framework. This provides a bridge to the continuous (time and state) setting, which requires the additional concepts of Brownian motion and stochastic calculus. The simplest model in the continuous setting is the famous Black-Scholes model, for which pricing and hedging of European and American derivatives are developed. The book concludes with a description of the fundamental theorems for a continuous market model that generalizes the simple Black-Scholes model in several directions. Seller Inventory # 00109447174
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Introduction to the Mathematics of Finance (Graduate Studies in Mathematics, Vol. 72)
Published by
Amer Mathematical Society, 2006
ISBN 10: 0821839039
ISBN 13: 9780821839034
Used
Hardcover
Seller: ThriftBooks-Dallas, Dallas, TX, U.S.A.
Seller rating 5 out of 5 stars
Hardcover. Condition: Very Good. No Jacket. May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0821839039I4N00
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Introduction to the Mathematics of Finance
Published by
American Mathematical Society, 2006
ISBN 10: 0821839039
ISBN 13: 9780821839034
Used
Hardcover
Seller: World of Books Inc, Montgomery, IL, U.S.A.
Seller rating 4 out of 5 stars
Hardback. Condition: Fair. The modern subject of mathematical finance has undergone considerable development, both in theory and practice, since the seminal work of Black and Scholes appeared a third of a century ago. This book is intended as an introduction to some elements of the theory that will enable students and researchers to go on to read more advanced texts and research papers. The book begins with the development of the basic ideas of hedging and pricing of European and American derivatives in the discrete (i.e., discrete time and discrete state) setting of binomial tree models. Then a general discrete finite market model is introduced, and the fundamental theorems of asset pricing are proved in this setting.Tools from probability such as conditional expectation, filtration, (super) martingale, equivalent martingale measure, and martingale representation are all used first in this simple discrete framework. This provides a bridge to the continuous (time and state) setting, which requires the additional concepts of Brownian motion and stochastic calculus. The simplest model in the continuous setting is the famous Black-Scholes model, for which pricing and hedging of European and American derivatives are developed. The book concludes with a description of the fundamental theorems for a continuous market model that generalizes the simple Black-Scholes model in several directions. Seller Inventory # CIN0821839039A
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Introduction to the mathematics of finance R.J. Williams. Graduate studies in mathematics 72.
Published by
Providence, American Mathematical Society, 2006
ISBN 10: 0821839039
ISBN 13: 9780821839034
Used
Hardcover
Seller: Antiquariat Bookfarm, Löbnitz, Germany
Seller rating 5 out of 5 stars
Hardcover. Condition: Gut. Ex-library with stamp and library-signature. GOOD condition, some traces of use. Ancien Exemplaire de bibliothèque avec signature et cachet. BON état, quelques traces d'usure. Ehem. Bibliotheksexemplar mit Signatur und Stempel. GUTER Zustand, ein paar Gebrauchsspuren. 60 WIL 9780821839034 Sprache: Englisch Gewicht in Gramm: 550. Seller Inventory # 2509606
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