Stochastic Finance: An Introduction in Discrete Time (De Gruyter Textbook)

Föllmer, Hans; Schied, Alexander

ISBN 10: 3111044815 / ISBN 13: 9783111044811

Published by De Gruyter, 2025

About this Item

Seller Inventory # I-9783111044811

Bibliographic Details

• Title: Stochastic Finance: An Introduction in Discrete Time (De Gruyter Textbook)
• Publisher: De Gruyter
• Publication Date: 2025
• Language: English
• ISBN 10: 3111044815
• ISBN 13: 9783111044811
• Binding: Soft cover
• Edition: 5th or later Edition
• Condition: New

About this title

Synopsis

This book provides an introduction to probabilistic methods in finance, based on stochastic models in discrete time. It is aimed primarily at graduate students in mathematics but may also benefit mathematicians in academia and the financial industry.

In this fifth edition, the entire text has been thoroughly revised to enhance clarity and completeness. This includes new sections on

About the Author

Hans Föllmer is Professor emeritus at Humboldt University of Berlin. He was also Professor at ETH Zurich and the University of Bonn, Distinguished Visiting Professor at the National University of Singapore, and Andrew D. White Professor-at-Large at Cornell University.

Alexander Schied is Professor at the University of Waterloo and holds the Munich Re Chair in Stochastic Finance and a University Research Chair.