The Concepts and Practice of Mathematical Finance

473 sayfa. 16x24 cm
"An ideal introduction for those starting out as practitioners of mathematical finance, this book provides a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice. Strengths and weaknesses of different models, e.g. Black-Scholes, stochastic volatility, jump-diffusion and variance gamma, are examined. Both the theory and the implementation of the industry-standard LIBOR market model are considered in detail. Each pricing problem is approached using multiple techniques including the well-known PDE and martingale approaches.
Covers both martingale and PDE approaches to the subject and discusses multiple approaches to each problem
Spends a lot of time on the underlying ideas and intuition behind the models; includes computer projects
Covers alternative models such as stochastic volatility, jump diffusion and variance gamma as well as the conventional Black�Scholes"

Kategori: Ekonomi & İş Dünyası > Finans, Borsa