Discrete Models of Financial Markets (Paperback, New)

This book explains in simple settings the fundamental ideas of financial market modelling and derivative pricing, using the no-arbitrage principle. Relatively elementary mathematics leads to powerful notions and techniques - such as viability, completeness, self-financing and replicating strategies, arbitrage and equivalent martingale measures - which are directly applicable in practice. The general methods are applied in detail to pricing and hedging European and American options within the Cox-Ross-Rubinstein (CRR) binomial tree model. A simple approach to discrete interest rate models is included, which, though elementary, has some novel features. All proofs are written in a user-friendly manner, with each step carefully explained and following a natural flow of thought. In this way the student learns how to tackle new problems.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Mastering Mathematical Finance
Release date:	February 2012
First published:	February 2012
Authors:	Marek Capin'ski • Ekkehard Kopp
Dimensions:	227 x 152 x 12mm (L x W x T)
Format:	Paperback - Trade
Pages:	192
Edition:	New
ISBN-13:	978-0-521-17572-2
Categories:	Books > Business & Economics > Economics > Econometrics > General Books > Science & Mathematics > Mathematics > Applied mathematics > Mathematical modelling
LSN:	0-521-17572-0
Barcode:	9780521175722

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