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Mathematical Finance and Probability: A Discrete Introduction - Softcover

Koch Medina, Pablo; Merino, Sandro

 
9783764369217: Mathematical Finance and Probability: A Discrete Introduction
Softcover
ISBN 10: 3764369213 ISBN 13: 9783764369217
Publisher: Birkhäuser, 2002

Synopsis

This self-contained book presents the theory underlying the valuation of derivative financial instruments, which is becoming a standard part of the professional toolbox in the financial industry. It provides great insight into the underlying economic ideas in a very readable form, putting the reader in an excellent position to proceed to the more general continuous-time theory.

"synopsis" may belong to another edition of this title.

From the Back Cover

The objective of this book is to give a self-contained presentation to the theory underlying the valuation of derivative financial instruments, which

is becoming a standard part of the toolbox of professionals in the financial industry. Although a complete derivation of the Black-Scholes

option pricing formula is given, the focus is on finite-time models. Not going for the greatest possible level of generality is greatly rewarded by

a greater insight into the underlying economic ideas, putting the reader in an excellent position to proceed to the more general continuous-time

theory.

The material will be accessible to students and practitioners having a working knowledge of linear algebra and calculus. All additional material

is developed from the very beginning as needed. In particular, the book also offers an introduction to modern probability theory, albeit mostly

within the context of finite sample spaces.

The style of presentation will appeal to financial economics students seeking an elementary but rigorous introduction to the subject; mathematics

and physics students looking for an opportunity to become acquainted with this modern applied topic; and mathematicians, physicists or quantitatively inclined economists working in the financial industry.

"About this title" may belong to another edition of this title.

Publisher
Birkhäuser
Publication date
2002
Language
English
ISBN 10 
3764369213
ISBN 13 
9783764369217
Binding
Paperback
Number of pages
328