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Mathematical Finance: A Very Short Introduction (Paperback)
Loot Price: R217
Discovery Miles 2 170
You Save: R52
(19%)
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Mathematical Finance: A Very Short Introduction (Paperback)
Series: Very Short Introductions
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List price R269
Loot Price R217
Discovery Miles 2 170
You Save R52 (19%)
Expected to ship within 9 - 15 working days
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In recent years the finance industry has mushroomed to become an
important part of modern economies, and many science and
engineering graduates have joined the industry as quantitative
analysts, with mathematical and computational skills that are
needed to solve complex problems of asset valuation and risk
management. An important parallel story exists of scientific
endeavour. Between 1965-1995, insightful ideas in economics about
asset valuation were turned into a mathematical 'theory of
arbitrage', an enterprise whose first achievement was the famous
1973 Black-Scholes formula, followed by extensive investigations
using all the resources of modern analysis and probability. The
growth of the finance industry proceeded hand-in-hand with these
developments. Now new challenges arise to deal with the fallout
from the 2008 financial crisis and to take advantage of new
technology, which has revolutionized the practice of trading. This
Very Short Introduction introduces readers with no previous
background in this area to arbitrage theory and why it works the
way it does. Illuminating pricing theory, Mark Davis explains its
applications to interest rates, credit trading, fund management and
risk management. He concludes with a survey of the most pressing
issues in mathematical finance today. ABOUT THE SERIES: The Very
Short Introductions series from Oxford University Press contains
hundreds of titles in almost every subject area. These pocket-sized
books are the perfect way to get ahead in a new subject quickly.
Our expert authors combine facts, analysis, perspective, new ideas,
and enthusiasm to make interesting and challenging topics highly
readable.
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