9783540262121 - A Benchmark Approach to Quantitative Finance (Springer Finance) von Platen, Eckhard; Heath, David (3 Ergebnisse)

Zustand: Good. Former library copy. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.

Hardcover. Zustand: Good. 2006. It's a preowned item in good condition and includes all the pages. It may have some general signs of wear and tear, such as markings, highlighting, slight damage to the cover, minimal wear to the binding, etc., but they will not affect the overall reading experience.

Buch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - In recent years products based on nancial derivatives have become an ind- pensabletoolforriskmanagersandinvestors. Insuranceproductshavebecome part of almost every personal and business portfolio. The management of - tual and pension funds has gained in importance for most individuals. Banks, insurance companies and other corporations are increasingly using nancial and insurance instruments for the active management of risk. An increasing range of securities allows risks to be hedged in a way that can be closely t- lored to the speci c needs of particular investors and companies. The ability to handle e ciently and exploit successfully the opportunities arising from modern quantitative methods is now a key factor that di erentiates market participants in both the nance and insurance elds. For these reasons it is important that nancial institutions, insurance companies and corporations develop expertise in the area of quantitative nance, where many of the as- ciated quantitative methods and technologies emerge. This book aims to provide an introduction to quantitative nance. More precisely, it presents an introduction to the mathematical framework typically usedin nancialmodeling,derivativepricing,portfolioselectionandriskm- agement. It o ers a uni ed approach to risk and performance management by using the benchmark approach, which is di erent to the prevailing paradigm and will be described in a systematic and rigorous manner. This approach uses the growth optimal portfolio as numeraire and the real world probability measure as pricing measure.