Filling the void between surveys of the field with relatively light mathematical content and books with a rigorous, formal approach to stochastic integration and probabilistic ideas, Stochastic Financial Models provides a sound introduction to mathematical finance. The author takes a classical applied mathematical approach, focusing on calculations rather than seeking the greatest generality.

Developed from the esteemed author's advanced undergraduate and graduate courses at the University of Cambridge, the text begins with the classical topics of utility and the mean-variance approach to portfolio choice. The remainder of the book deals with derivative pricing. The author fully explains the binomial model since it is central to understanding the pricing of derivatives by self-financing hedging portfolios. He then discusses the general discrete-time model, Brownian motion and the Black?Scholes model. The book concludes with a look at various interest-rate models. Concepts from measure-theoretic probability and solutions to the end-of-chapter exercises are provided in the appendices.

By exploring the important and exciting application area of mathematical finance, this text encourages students to learn more about probability, martingales and stochastic integration. It shows how mathematical concepts, such as the Black?Scholes and Gaussian random-field models, are used in financial situations.

Filling the void between surveys of the field with relatively light mathematical content and books with a rigorous, formal approach to stochastic integration and probabilistic ideas, Stochastic Financial Models provides a sound introduction to mathematical finance. The author takes a classical applied mathematical approach, focusing on calculations rather than seeking the greatest generality. Developed from the esteemed author's advanced undergraduate and graduate courses at the University of Cambridge, the text begins with the classical topics of utility and the mean-variance approach to portfolio choice. The remainder of the book deals with derivative pricing. The author fully explains the binomial model since it is central to understanding the pricing of derivatives by self-financing hedging portfolios. He then discusses the general discrete-time model, Brownian motion and the Black-Scholes model. The book concludes with a look at various interest-rate models. Concepts from measure-theoretic probability and solutions to the end-of-chapter exercises are provided in the appendices. By exploring the important and exciting application area of mathematical finance, this text encourages students to learn more about probability, martingales and stochastic integration. It shows how mathematical concepts, such as the Black-Scholes and Gaussian random-field models, are used in financial situations.

Before Isabelle I knew nothing of sex.
Before Isabelle I knew nothing of freedom.
Before Isabelle I knew nothing of life.

Paris in the early Seventies. Sam, an American student, meets a woman in a bookshop. Isabelle is enigmatic, beautiful, older and, unlike Sam, experienced in love's many contradictions. Sam is instantly smitten - but wary of the wedding ring on her finger.

What begins as a regular arrangement in Isabelle’s tiny Parisian apartment transforms into a true affair of the heart, and one which lasts for decades to come.

Isabelle in the Afternoon is a novel that questions what we seek, what we find, what we settle for - and shows how love, when not lived day in, day out, can become the passion of a lifetime.

'A touching exploration of passion untested by domesticity' Mail on Sunday Before Isabelle I knew nothing of sex. Before Isabelle I knew nothing of freedom. Before Isabelle I knew nothing of life. Paris in the early Seventies. Sam, an American student, meets a woman in a bookshop. Isabelle is enigmatic, beautiful, older and, unlike Sam, experienced in love's many contradictions. Sam is instantly smitten - but wary of the wedding ring on her finger. What begins as a regular arrangement in Isabelle’s tiny Parisian apartment transforms into a true affair of the heart, and one which lasts for decades to come. Isabelle in the Afternoon is a novel that questions what we seek, what we find, what we settle for - and shows how love, when not lived day in, day out, can become the passion of a lifetime. Praise for Douglas Kennedy ‘The absolute master of love stories with heart-stopping twists’ THE TIMES ‘Kennedy is skilled at zigzag plotting, blending domestic twists with turns created by global affairs’ OBSERVER

THE EXPLOSIVE NEW THRILLER FROM INTERNATIONAL BESTSELLER, DOUGLAS KENNEDY __________________________ 'A pulse-racing thriller centred on hot-button debates' Daily Mail Brendan has always lived a careful, constrained life. A salesman who never liked the work, he's a man who has stayed in his marriage and his faith because it was what was expected of him. But now, having lost his job after corporate downsizing and on the cusp of sixty, he finds himself scrambling to somehow stay afloat in the only Los Angeles work on offer to a man his age - driving for Uber. When one of his rides, a retired professor named Elise, asks to be dropped off outside an abortion clinic where she now volunteers, Brendan finds himself driving right into the virulent epicentre of one of the major issues of our time, engulfing his life in the process. A novel of high suspense and considerable moral complexity, Afraid of the Light is a tough, affecting social thriller that speaks volumes about the corrosive divisions of our troubled times. __________________________ 'Kennedy is skilled at zigzag plotting, blending domestic twists with turns created by global affairs' OBSERVER

‘Accomplished…a strangely mesmerising effect…absolutely excellent’ New Statesman

New York, 1980s

Alice Burns – a young book editor – is deep into a manuscript about the morass of family life. The observations within resonate, perhaps, because she has just watched her own family implode.

As she reads she wonders: When did the sadness start? And could it be that unhappiness is a choice?

Thus begins a great American epic which follows Alice as she navigates high school, first love and sexism at an elite college, a spell in 1970s Ireland, and a tragedy that sends her stateside as the US embraces a cowboy actor named Reagan.

But it is also the tale of her endlessly complex parents and brothers – how their destinies are written by the lies they tell themselves and others.

The Great Wide Open is an immensely ambitious and compulsive saga; a novel which will speak volumes to anyone who has marvelled at that pain that can only be caused by family itself.

On the night of her thirteenth birthday, Jane Howard made a vow to her warring parents - she would never get married and she would never have children. But life, as Jane discovers, is a profoundly random business. Many years and many lives later, she is a professor in Boston, in love with a brilliant, erratic man named Theo. And then she falls pregnant. Motherhood turns out to be a great welcome surprise - but when a devastating turn of events tears her existence apart she has no choice but to flee all she knows and leave the world. Just when Jane has renounced life itself, the disappearance of a young girl pulls her back from the edge and into an obsessive search for personal redemption. Convinced that she knows more about the case than the police do, she is forced to make a decision - stay hidden or bring to light a shattering truth. Like Kennedy's previous highly acclaimed novels, Leaving the World, speaks volumes about the dilemmas we face in trying to navigate our way through all that fate throws in our path.

Douglas Kennedy's outstanding new novel, THE JOB, is a thrilling page-turner involving downsizing, blackmail and murder in the Manhattan business world. Ned Allen is young, smart, and upwardly mobile. Several years into his career as an ad salesman for a successful computer magazine, Ned's finally left his small-town roots behind, and is certain that the sophisticated Manhattan world he covets is his forever. His wife Lizzie is also a rising star of a prestigious PR firm. It seems that Ned's made it. forced to make some tough calls, among them a question of ethics and the small matter of whether to lie to his wife - and when the tough calls just keep getting tougher he finds himself on the brink of losing everything ... Cautionary tale, compelling thriller, portrait of a man on the edge, Douglas Kennedy's THE JOB is a ruthlessly entertaining exploration of the fragility of modern life and the depths we'll go to in our quest to preserve it.

'That dumbshit map. I'd been seduced by it. Seduced by its possibilities. That map had brought me here … That map had been a serious mistake'

The map in question is of Australia, stumbled across in a second-hand bookshop by American journalist Nick Hawthorne, en route to another dead-end hack job in Akron, Ohio. Seduced by all that wilderness, all that NOTHING, Nick decides to put his midlife crisis on hold and light out to the ultimate nowheresville - where a chance encounter throws him into a sun-baked orgy of surf, sex and swill, and a nightmare from which there is no escape.

'Douglas Kennedy might never be allowed into Australia again. This is a crazy, compulsive ultimately serious thriller and a bravura fictional debut from one of our best travel writers' Philip Kerr
 

On the face of it, Ben Bradford is your standard Wall Street hot shot - Junior partner in a legal firm, 6 figure income, wife and two young kids straight out of a Gap catalogue. But along with the WASP lifestyle comes the sting - Ben hates it. He wants - has always wanted - to be a photographer. When he discovers his wife is playing outside the ground, the consequences of a moment of madness force him to question not just the design of his life but the price of fulfilment. Because finding yourself means nothing when you're pretending to be someone else. From the picket fences of yuppie New England to Montana's untouchable splendour, THE BIG PICTURE spans states and states of mind in a thrilling novel of genuine originality.
 

Sally Goodchild is everything you'd expect of a thirty-seven year old American journalist - independent, strong-willed and ambitious. That is until she meets Tony Hobbs, an English foreign correspondent, on assignment in Cairo. After a passionate but uneasy romance, Sally's life is turned upside down when she unexpectedly finds herself married, pregnant and living in London. Married life in a foreign place is a far bigger adjustment than Sally and Tony could ever have imagined - and as their lives shift from freedom and adventure to responsibility and hard work, everyday problems soon spiral into nightmares. After the birth of their son, Sally finds herself trapped in a downward spiral of post-natal depression over which she has little control, whilst Tony's life returns to relative normality. Filled with resentment and unable to cope with the cards life has dealt her, Sally is shocked when the man she trusted above all others turns against her. As her world begins to fall down around her, Sally quickly realises she must fight before she loses everything. In this authentic and compelling novel, Kennedy explores the misunderstandings that can occur when two people speak the same language but miss all the vital signs.

From the critically lauded, internationally bestselling author of "The Moment "comes a profoundly moving novel that explores how a single brief encounter can change one's life.
Laura spends her days looking at other people's potential calamities. She works in the radiography unit of a small hospital on the Maine coast, bearing constant witness to the fears of patient after frightened patient. In a job where finding nothing is always the best possible outcome, she is well versed in the random injustices of life, a truism that has lately been playing out in her marriage as well. Since being downsized, her husband, Dan, has become withdrawn, his emotional distance gradually corroding their relationship. With a son in college and a daughter soon due to leave home, Laura has begun to fear that the marital sounds of silence will only deepen once the nest is truly empty.
When an opportunity arises to attend a weekend medical conference in Boston, Laura jumps at this respite from home. While checking in, she meets a man as gray and uninspired as her drab hotel room. Richard is an outwardly dull, fiftysomething insurance salesman. But during a chance second encounter, Laura discovers him to be surprisingly complex and thoughtful, someone who, like herself, is grappling with the same big questions about decisions made and the human capacity for self-entrapment. As their conversation deepens and begins to veer into shared confessions, the overwhelming sense of personal and intimate connection arises. A transformative love affair begins. But can this potential, much-longed-for happiness be married to their own difficult personal circumstances? Can they upend their lives and embrace that most loaded of words: change?
A love story as clear-sighted and ruminative as it is affecting, "Five Days "will have you reflecting about the choices we all make that shape our destinies. Crafted with Kennedy's trademark evocative prose and pitch-perfect in its depiction of the complex realities of modern life, it is a novel that speaks directly to the many contradictions of the human heart.

From the New York Times bestselling author of Leaving the World comes the brilliant, breathtaking story about a Hollywood screenwriter whose "overnight success" brings about his biggest downfall.

Like all screenwriters in Tinsel Town, David Armitage wants to be rich and famous. Finally, after eleven years of disappointment and failure, big-time luck comes his way when one of his scripts is bought for television, making him the new toast of Hollywood as the creator of a smash hit series.

Suddenly a major power player, Armitage begins to reinvent himself at breakneck speed, quitting his day job, trading in his Reagan-era Volvo for a Porsche, and leaving his wife and daughter for a sleek, young producer.

Enter multibillionaire film buff Philip Fleck, who proposes an unsavory collaboration to the screenwriter. Armitage takes the bait and suddenly finds himself entering a decidedly Faustian pact--and unknowingly hopping an express ride to the lower depths of the Hollywood jungle.

From the "New York Times "bestselling author of "Leaving the World "comes the compelling story of a woman whose one choice, made decades ago, comes back to haunt her.
America in the 1960s was an era of radical upheaval-of civil rights protests and anti-war marches; of sexual liberation and hallucinogenic drugs. More tellingly, it was a time when you weren't supposed to trust anyone over the age of thirty; when, if you were young, you rebelled against your parents and their conservative values.
But not Hannah Buchan.
Hannah is a great disappointment to her famous radical father and painter mother. Instead of mounting the barricades and embracing this age of profound social change, she wants nothing more than to marry her doctor boyfriend and raise a family in a small town.
Hannah gets her wish. But once installed as the doctor's wife in a nowhere corner of Maine, boredom sets in... until an unforeseen moment of personal rebellion changes everything. Especially as Hannah is forced into breaking the law.
For decades, this one transgression in an otherwise faultless life remains buried. But then, in the charged atmosphere of America after 9/11, her secret comes out and her life goes into freefall.

Manhattan, Thanksgiving eve, 1945. The war is over, and Eric Smythe's party was in full swing. All his clever Greenwich Village friends were there. So too was his sister Sara, an independent, outspoken young woman, starting to make her way in the big city. And then in walked Jack Malone, a U.S. Army journalist just back from a defeated Germany, a man whose world view was vastly different than that of Eric and his friends. This chance meeting between Sara and Jack and the choices they both made in the wake of it would eventually have profound consequences, both for themselves and for those closest to them for decades afterwards. Set amidst the dynamic optimism of postwar New York and the subsequent nightmare of the McCarthy era, "The Pursuit of Happiness" is a great, tragic love story; a tale of divided loyalties, decisive moral choices and the random workings of destiny.

On the night of her thirteenth birthday, Jane Howard made a vow to her warring parents: she would never get married, and she would never have children.
But life, as Jane comes to discover, is a profoundly random business. Many years and many lives later, she is a professor in Boston, in love with a brilliant, erratic man named Theo. And then Jane becomes pregnant. Motherhood turns out to be a great welcome surprise--but when a devastating turn of events tears her existence apart she has no choice but to flee all she knows and leave the world.
Just when she has renounced life itself, the disappearance of a young girl pulls her back from the edge and into an obsessive search for some sort of personal redemption. Convinced that she knows more about the case than the police do, she is forced to make a decision--stay hidden or bring to light a shattering truth.
Leaving the World" is a riveting portrait of a brilliant woman that reflects the way we live now, of the many routes we follow in the course of a single life, and of the arbitrary nature of destiny. A critically acclaimed international bestseller, it is also a compulsive read and one that speaks volumes about the dilemmas we face in trying to navigate our way through all that fate throws in our path.

Thomas Nesbitt is a divorced American writer living a very private life in Maine. Until, one wintry morning, his solitude is disrupted by the arrival of a package postmarked Berlin. But what is more unsettling is the name accompanying the return address on the package: Petra Dussmann. For she is the woman with whom Thomas had an intense love affair twenty-five years before in a divided Berlin, where people lived fearfully under the shadows of the Cold War. And so Thomas is forced to grapple with a past he has always kept hidden. For Petra Dussman was a refugee from the police state of East Germany. And her tragic secrets were to re-write both their destinies.

Manhattan, Thanksgiving eve, 1945. The war was over, and Eric Smythe's party was in full swing. All his clever Greenwich Village friends were there. So too was his sister Sara - an independent, canny young woman, starting to make her way in the big city. And then in walked a gatecrasher, Jack Malone - a U. S. Army journalist just back from a defeated Germany, and a man whose world-view did not tally with that of Eric and his friends. Set amidst the dynamic optimism of postwar New York and the subsequent nightmare of the McCarthy witch-hunts, The Pursuit of Happiness is a great tragic love story; a tale of divided loyalties, decisive moral choices, and the random workings of destiny.

David Armitage - husband, father and failure - has lived the life of an unsuccessful screenwriter for eleven years. When one of his scripts is bought for television, David's life is transformed, more dramatically than he could have ever imagined. An overnight success and suddenly the toast of Tinseltown, David's upward trajectory finally gives him everything he had ever hoped for. New found success means total reinvention, and initiation into the Hollywood world of high-flyers. Life for David quickly becomes a heady rush of celebrities, parties and women - but everything comes at a price. Walking out on his wife and daughter, David climbs to dizzy new heights, brimming with luxury, opulence and scandal. But before long a dark figure casts a shadow on the horizon. When an influential film director presents David with an offer, the opportunity of a lifetime - could this temptation be one that jeopardises everything David has worked for. Enthralling, vivid and addictive, Douglas Kennedy's Temptation masterfully explores the destructive power of success,and the choices we have to make between personal gain and the people closest to our hearts.

Hannah Buchan thinks herself ordinary. She is not the revolutionary child that her painter mother and famous radical father had hoped for. Raised in the creative chaos of 1960s America, Hannah vows to reject her parents' liberal lifestyle, and settles instead for typical family life in a nondescript corner of Maine. But normality isn't quite what Hannah imagined it would to be, and try as she might to fight it, the urge to rebel against the things that hem her in grows ever stronger. Eventually, a series of encounters puts Hannah in an exhilarating but dangerous position - one in which she never thought she would find herself. For decades, this one transgression in an otherwise faultless life lies buried deep in the past, all but forgotten - until a turn of fate brings it crashing back into the limelight. As her secret emerges, Hannah's life goes into freefall and she is left struggling against the force of the past. State of the Union is a stunning and grippingly honest story about life, love and family, set against the backdrop of two different but strikingly similar eras.