Mathematics of Financial Obligations (Translations of Mathematical Monographs) - Hardcover

Inhaltsangabe

Provides a current, detailed methodology for financial pricing and modeling, covering such topics as innovations and the risk calculus in financial systems, random processes and the stochastic calculus, hedging and incomplete markets, markets with structural constraints and transaction costs, imperfect forms of hedging, dynamic contingent claims and American options, analysis of bond contingent claims, and the economics of insurance and finance. Intended for specialists in finance and actuarial mathematics, practitioners in the financial and insurance business, and students, the volume requires a foundation in probability theory, random processes, and mathematical statistics. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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