Amanda Turner, Dirk Zeindler

eBook, PDF

Stochastic Finance (eBook, PDF)

Beschreibung

Stochastic Finance provides an introduction to mathematical finance that is unparalleled in its accessibility. Through classroom testing, the authors have identified common pain points for students, and their approach takes great care to help the reader to overcome these difficulties and to foster understanding where comparable texts often do not. Written for advanced undergraduate students, and making use of numerous detailed examples to illustrate key concepts, this text provides all the mathematical foundations necessary to model transactions in the world of finance. A first course in probability is the only necessary background. The book begins with the discrete binomial model and the finite market model, followed by the continuous Black-Scholes model. It studies the pricing of European options by combining financial concepts such as arbitrage and self-financing trading strategies with probabilistic tools such as sigma algebras, martingales and stochastic integration. All these concepts are introduced in a relaxed and user-friendly fashion.

Technische Details

• Geräte: PC
• mit Kopierschutz
• Größe: 9.45MB
• FamilySharing(5)

Barrierefreiheit

• Text-to-Speech

Autor

Amanda Turner is Professor of Statistics at the University of Leeds. She received her Ph.D. from the University of Cambridge in Scaling Limits of Stochastic Processes in 2007. Before moving to Leeds, she taught probability and stochastic processes for finance at Lancaster University and the University of Geneva for over fifteen years. She is a founding member of the Royal Statistical Society's Applied Probability Section and is heavily involved in the London Mathematical Society, including as a member of council since 2021. When not doing mathematics, she enjoys mountaineering and skiing.

Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 15. Februar 2023
• Englisch
• ISBN-13: 9781009059275
• Artikelnr.: 68994635