Discrete-Time Approximations and Limit Theorems: In Applications to Financial Markets (De Gruyter Series in Probability and Stochastics, 2)

Financial market modeling is a prime example of a real-life application of probability theory and stochastics. This authoritative book discusses the discrete-time approximation and other qualitative properties of models of financial markets, like the Black-Scholes model and its generalizations, offering in this way rigorous insights on one of the most interesting applications of mathematics nowadays.