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Mathematics for Finance: An Introduction to Financial Engineering (Springer Undergraduate Mathematics)

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Mathematics for Finance: An Introduction to Financial Engineering (Springer Undergraduate Mathematics) Cover

 

Synopses & Reviews

Publisher Comments:

As with the first edition, Mathematics for Finance: An Introduction to Financial Engineering combines financial motivation with mathematical style. Assuming only basic knowledge of probability and calculus, it presents three major areas of mathematical finance, namely option pricing based on the no-arbitrage principle in discrete and continuous time setting, Markowitz portfolio optimisation and the Capital Asset Pricing Model, and basic stochastic interest rate models in discrete setting. In this second edition, the material has been thoroughly revised and rearranged. New features include: • A case study to begin each chapter - a real-life situation motivating the development of theoretical tools; • A detailed discussion of the case study at the end of each chapter; • A new chapter on time-continuous models with intuitive outlines of the mathematical arguments and constructions; • Complete proofs of the two fundamental theorems of mathematical finance in discrete setting. From the reviews of the first edition: "This text is an excellent introduction to Mathematical Finance. Armed with a knowledge of basic calculus and probability a student can use this book to learn about derivatives, interest rates and their term structure and portfolio management."(Zentralblatt MATH) "Given these basic tools, it is surprising how high a level of sophistication the authors achieve, covering such topics as arbitrage-free valuation, binomial trees, and risk-neutral valuation." (www.riskbook.com) "The reviewer can only congratulate the authors with successful completion of a difficult task of writing a useful textbook on a traditionally hard topic." (K. Borovkov, The Australian Mathematical Society Gazette, Vol. 31 (4), 2004)

Table of Contents

A Simple Market Model.- Risk-Free Assets.- Portfolio Management.- Forward and Futures Contracts.- Options: General Properties.- Binomial Model.- General Discrete Time Models.- Continuous Time Model.- Interest Rates.

Product Details

ISBN:
9780857290816
Author:
Capi?ski, Marek
Publisher:
Springer
Author:
Zastawniak, Tomasz
Author:
Capiski, Marek
Author:
Capinski, Marek
Subject:
Finance
Subject:
Derivative securities
Subject:
Financial engineering
Subject:
Mathematical finance
Subject:
Portfolio Theory
Subject:
Risk management
Subject:
Quantitative Finance
Subject:
Finance /Banking
Subject:
Finance/Investment/Banking
Subject:
Business-Accounting and Finance
Subject:
Game Theory
Subject:
Applied
Copyright:
Edition Description:
2nd Edition.
Series:
Springer Undergraduate Mathematics Series
Publication Date:
20101125
Binding:
TRADE PAPER
Language:
English
Pages:
349
Dimensions:
235 x 155 mm 1090 gr

Related Subjects

Business » Accounting and Finance
Science and Mathematics » Electricity » General Electronics
Science and Mathematics » Mathematics » Applied
Science and Mathematics » Mathematics » Modeling

Mathematics for Finance: An Introduction to Financial Engineering (Springer Undergraduate Mathematics) New Trade Paper
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Product details 349 pages Not Avail - English 9780857290816 Reviews:
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