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Books > Business & Economics > Finance & accounting > Finance
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Stochastic Finance - An Introduction with Examples (Paperback)
Loot Price: R1,153
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Stochastic Finance - An Introduction with Examples (Paperback)
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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.
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