Master your Minecraft
 
 

Special Offers see all

Enter to WIN a $100 Credit

Subscribe to PowellsBooks.news
for a chance to win.
Privacy Policy

Tour our stores


    Recently Viewed clear list


    Original Essays | November 7, 2014

    Karelia Stetz-Waters: IMG The Hot Sex Tip Cosmo Won't Tell You



    Cosmopolitan Magazine recently released an article titled "28 Mind-Blowing Lesbian Sex Positions." Where was this vital information when I was a... Continue »

    spacer
Qualifying orders ship free.
$190.25
New Trade Paper
Ships in 1 to 3 days
Add to Wishlist
available for shipping or prepaid pickup only
Available for In-store Pickup
in 7 to 12 days
Qty Store Section
25 Remote Warehouse Mathematics- Statistics

Binomial Models in Finance (Springer Finance)

by

Binomial Models in Finance (Springer Finance) Cover

 

Synopses & Reviews

Publisher Comments:

This book deals with many topics in modern financial mathematics in a way that does not use advanced mathematical tools and shows how these models can be numerically implemented in a practical way. The book is aimed at undergraduate students, MBA students, and executives who wish to understand and apply financial models in the spreadsheet computing environment. The basic building block is the one-step binomial model where a known price today can take one of two possible values at the next time. In this simple situation, risk neutral pricing can be defined and the model can be applied to price forward contracts, exchange rate contracts, and interest rate derivatives. The simple one-period framework can then be extended to multi-period models. The authors show how binomial tree models can be constructed for several applications to bring about valuations consistent with market prices. The book closes with a novel discussion of real options. From the reviews: "Overall, this is an excellent 'workbook' for practitioners who seek to understand and apply financial asset price models by working through a comprehensive collection of both theoretical and dataset-driven numerical examples, follwoed by up to 15 end-of-chapter exercises with elaborated parts taht help clarify the mathematical and computational aspects of the chapter." Wai F. Chiu for the Journal of the American Statistical Association, December 2006

Table of Contents

Introduction.- The binomial model for stock options.- The binomial model for other contracts.- Multiperiod binomial models.- Hedging.- Forward and futures contracts.- American and exotic option pricing.- Path dependent options.- The Greeks.- Dividends.- Implied volatility trees.- Implied binomial trees.- Interest rate models.- Real options.- The binomial distribution.- An application of linear programming.- Volatility estimation.- Existence of a solution.- Some generalizations.- Yield curves and splines.

Product Details

ISBN:
9781441920737
Author:
Hoek, John Van Der
Publisher:
Springer
Author:
Elliott, Robert J.
Author:
Hoek, John
Location:
New York, NY
Subject:
Statistics
Subject:
Statistics for Business/Economics/Mathematical Finance/Insurance
Subject:
Game Theory/Mathematical Methods
Subject:
Quantitative Finance
Subject:
Quantitative Finance <P>This book describes the modeling of prices of financial assets in a simple discrete time, discrete state, binomial framework. By avoiding the mathematical technicalities of continuous time finance, the material will be accessible t
Subject:
Mathematics - Statistics
Subject:
B
Subject:
mathematics and statistics
Subject:
Economics_xStatistics
Subject:
Economics, mathematical
Subject:
Finance
Copyright:
Edition Description:
Softcover reprint of hardcover 1st ed. 2006
Series:
Springer Finance / Springer Finance Textbooks
Publication Date:
20101123
Binding:
TRADE PAPER
Language:
English
Pages:
320
Dimensions:
235 x 155 mm 486 gr

Related Subjects

Business » Accounting and Finance
Business » General
Business » Management
Business » Writing
Health and Self-Help » Health and Medicine » Professional Medical Reference
Science and Mathematics » Mathematics » Applied
Science and Mathematics » Mathematics » Modeling
Science and Mathematics » Mathematics » Probability and Statistics » Statistics

Binomial Models in Finance (Springer Finance) New Trade Paper
0 stars - 0 reviews
$190.25 In Stock
Product details 320 pages Not Avail - English 9781441920737 Reviews:
spacer
spacer
  • back to top

FOLLOW US ON...

     
Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.