Stochastic Finance: An Introduction with Examples

ISBN-13: 9781009048941 / Angielski / Miękka / 2023 / 300 str.

Dirk (Lancaster University) Zeindler

Opis

A relaxed and user-friendly approach to understanding financial mathematics and the pricing of options with extensive examples and exercises.

Recenzje

'This is a rigorous textbook on stochastic finance in which the reader will enjoy the path the authors take while introducing conditional expectations with respect to sigma-algebras, and the sequence of models from the binomial to Black-Scholes. In all, a careful construction of the theory with proofs that are both thorough and readable.' Ludolf E. Meester, Delft University of Technology

Spis treści

Preface; Acknowledgements; Part I. Discrete-Time Models for Finance: 1. Introduction to finance; 2. Discrete probability; 3. Binomial or CRR model; 4. Finite market model; 5. Discrete Black–Scholes model; Part II. Continuous-Time Models for Finance: 6. Continuous probability; 7. Brownian motion; 8. Stochastic integration; 9. The Black–Scholes model; A Supplementary material; Bibliography; Symbol index; Index.