The Concepts and Practice of Mathematical Finance (Hardcover, 2nd Revised edition)

An ideal introduction for those starting out as practitioners of mathematical finance, this book provides a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice. Strengths and weaknesses of different models, e.g. Black-Scholes, stochastic volatility, jump-diffusion and variance gamma, are examined. Both the theory and the implementation of the industry-standard LIBOR market model are considered in detail. Each pricing problem is approached using multiple techniques including the well-known PDE and martingale approaches. This second edition contains many more worked examples and over 200 exercises with detailed solutions. Extensive appendices provide a guide to jargon, a recap of the elements of probability theory, and a collection of computer projects. The author brings to this book a blend of practical experience and rigorous mathematical background and supplies here the working knowledge needed to become a good quantitative analyst.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Mathematics, Finance and Risk
Release date:	October 2008
First published:	November 2008
Authors:	Mark S. Joshi
Dimensions:	254 x 178 x 30mm (L x W x T)
Format:	Hardcover
Pages:	539
Edition:	2nd Revised edition
ISBN-13:	978-0-521-51408-8
Categories:	Books > Science & Mathematics > Mathematics > Probability & statistics Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General
LSN:	0-521-51408-8
Barcode:	9780521514088

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