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Synopsis
This book covers mathematical modeling of financial markets and rational pricing of derivatives, a theory which underpins modern financial practice. Emphasizing clarity and rigor throughout, the theme is the problem of finding a fair price for a derivative.
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Review
From the reviews:
“Derivative Pricing in Discrete Time introduces the basic ideas of financial derivatives with a minimum of prerequisites. ... Indeed, as an undergraduate-level mathematical treatment of the subject, this is the best textbook I have seen. ... I would recommend the book to students preparing for financial careers, such as actuaries. Practical pricing models should make more sense with the theoretical grounding provided by this book.” (John Curran, MAA Reviews, May, 2014)
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- PublisherSpringer
- Publication date2012
- ISBN 10 1447144074
- ISBN 13 9781447144076
- BindingPaperback
- LanguageEnglish
- Number of pages340
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Derivative Pricing in Discrete Time
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Springer London Ltd, 2012
ISBN 10: 1447144074
ISBN 13: 9781447144076
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