This text introduces upper division undergraduate/beginning graduate students in mathematics, finance, or economics, to the core topics of a beginning course in finance/financial engineering. Particular emphasis is placed on exploiting the power of the Monte Carlo method to illustrate and explore financial principles. Monte Carlo is the uniquely appropriate tool for modeling the random factors that drive financial markets and simulating their implications.
The Monte Carlo method is introduced early and it is used in conjunction with the geometric Brownian motion model (GBM) to...
This text introduces upper division undergraduate/beginning graduate students in mathematics, finance, or economics, to the core topics of a beginn...
Biology is a source of fascination for most scientists, whether their training is in the life sciences or not. In particular, there is a special satisfaction in discovering an understanding of biology in the context of another science like mathematics. For- nately there are plenty of interesting problems (and fun) in biology, and virtually all scienti?c disciplines have become the richer for it. For example, two major journals, MathematicalBiosciences andJournalofMathematicalBiology, have tripled in size since their inceptions 20 25 years ago. More recently, the advent of genomics has spawned...
Biology is a source of fascination for most scientists, whether their training is in the life sciences or not. In particular, there is a special satis...
