Options Pricing and Portfolio Optimization - Modern Methods of Financial Mathematics (Hardcover)

Understanding and working with the current models of financial markets requires a sound knowledge of the mathematical tools and ideas from which they are built. Banks and financial houses all over the world recognize this and are avidly recruiting mathematicians, physicists, and other scientists with these skills. The mathematics involved in modern finance springs from the heart of probability and analysis, for example: the It calculus, stochastic control, differential equations, and martingales. The authors give rigorous treatments of these topics, while always keeping the applications in mind. Thus, the way in which the mathematics is developed is governed by the way it will be used, rather than by the goal of optimal generality. Indeed, most of purely mathematical topics are treated in extended "excursions" from the applications into the theory. Thus, with the main topic of financial modelling and optimization in view, the reader also obtains a self-contained and complete introduction to the underlying mathematics. This book is specifically designed as a graduate textbook.

General

Imprint:	American Mathematical Society
Country of origin:	United States
Series:	Graduate Studies in Mathematics
Release date:	December 2000
Dimensions:	259 x 183 x 19mm (L x W x T)
Format:	Hardcover
Pages:	272
ISBN-13:	978-0-8218-2123-7
Categories:	Books > Science & Mathematics > Physics > General Books > Business & Economics > Economics > Econometrics > General Books > Science & Mathematics > Mathematics > Calculus & mathematical analysis > General Books > Science & Mathematics > Mathematics > Applied mathematics > General Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General Books > Money & Finance > Investment & securities > General Promotions
LSN:	0-8218-2123-7
Barcode:	9780821821237

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