Discrete Models of Financial Markets (Mastering Mathematical Finance) - Softcover

Capiński, Marek

 
9780521175722: Discrete Models of Financial Markets (Mastering Mathematical Finance)
Softcover
ISBN 10: 0521175720 ISBN 13: 9780521175722
Verlag: Cambridge University Press, 2012

Inhaltsangabe

This book explains in simple settings the fundamental ideas of financial market modelling and derivative pricing, using the no-arbitrage principle. Relatively elementary mathematics leads to powerful notions and techniques - such as viability, completeness, self-financing and replicating strategies, arbitrage and equivalent martingale measures - which are directly applicable in practice. The general methods are applied in detail to pricing and hedging European and American options within the Cox–Ross–Rubinstein (CRR) binomial tree model. A simple approach to discrete interest rate models is included, which, though elementary, has some novel features. All proofs are written in a user-friendly manner, with each step carefully explained and following a natural flow of thought. In this way the student learns how to tackle new problems.

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Über die Autorinnen und Autoren

Marek Capiński has published over 50 research papers and nine books. His diverse interests include mathematical finance, corporate finance and stochastic hydrodynamics. For over 35 years he has been teaching these topics, mainly in Poland and in the UK, where he has held visiting fellowships. He is currently Professor of Applied Mathematics at AGH University of Science and Technology in Krakow.

Ekkehard Kopp is Emeritus Professor of Mathematics at the University of Hull, where he taught courses at all levels in analysis, measure and probability, stochastic processes and mathematical finance between 1970 and 2007. His editorial experience includes service as founding member of the Springer Finance series (1998–2008) and the Cambridge University Press AIMS Library series. He has authored more than 50 research publications and five books.

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Verlag
Cambridge University Press
Erscheinungsdatum
2012
Sprache
Englisch
ISBN 10 
0521175720
ISBN 13 
9780521175722
Einband
Tapa blanda
Anzahl der Seiten
192
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Avery
https://www.avery.fr/

chemin des peupliers 27
Dardilly
Frankreich

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Vorgestellte Ausgabe

ISBN 10:  110700263X ISBN 13:  9781107002630
Verlag: Cambridge University Press, 2012
Hardcover