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Mathematics of Finance - An Intuitive Introduction (Paperback, 1st ed. 2019)
Loot Price: R896
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Mathematics of Finance - An Intuitive Introduction (Paperback, 1st ed. 2019)
Series: Undergraduate Texts in Mathematics
Expected to ship within 12 - 19 working days
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This textbook invites the reader to develop a holistic grounding in
mathematical finance, where concepts and intuition play as
important a role as powerful mathematical tools. Financial
interactions are characterized by a vast amount of data and
uncertainty; navigating the inherent dangers and hidden
opportunities requires a keen understanding of what techniques to
apply and when. By exploring the conceptual foundations of options
pricing, the author equips readers to choose their tools with a
critical eye and adapt to emerging challenges. Introducing the
basics of gambles through realistic scenarios, the text goes on to
build the core financial techniques of Puts, Calls, hedging, and
arbitrage. Chapters on modeling and probability lead into the
centerpiece: the Black-Scholes equation. Omitting the mechanics of
solving Black-Scholes itself, the presentation instead focuses on
an in-depth analysis of its derivation and solutions. Advanced
topics that follow include the Greeks, American options, and
embellishments. Throughout, the author presents topics in an
engaging conversational style. "Intuition breaks" frequently prompt
students to set aside mathematical details and think critically
about the relevance of tools in context. Mathematics of Finance is
ideal for undergraduates from a variety of backgrounds, including
mathematics, economics, statistics, data science, and computer
science. Students should have experience with the standard calculus
sequence, as well as a familiarity with differential equations and
probability. No financial expertise is assumed of student or
instructor; in fact, the text's deep connection to mathematical
ideas makes it suitable for a math capstone course. A complete set
of the author's lecture videos is available on YouTube, providing a
comprehensive supplementary resource for a course or independent
study.
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