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Derivative Pricing in Discrete Time
Cutland, Nigel J.; Roux, Alet
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Description for Derivative Pricing in Discrete Time
Paperback. This book covers mathematical modeling of financial markets and rational pricing of derivatives, a theory which underpins modern financial practice. Emphasizing clarity and rigor throughout, the theme is the problem of finding a fair price for a derivative. Series: Springer Undergraduate Mathematics Series. Num Pages: 325 pages, 63 black & white illustrations, biography. BIC Classification: KFF; PBT. Category: (P) Professional & Vocational. Dimension: 156 x 237 x 20. Weight in Grams: 528.
This book provides an introduction to the mathematical modelling of real world financial markets and the rational pricing of derivatives, which is part of the theory that not only underpins modern financial practice but is a thriving area of mathematical research. The central theme is the question of how to find a fair price for a derivative; defined to be a price at which it is not possible for any trader to make a risk free profit by trading in the derivative.
To keep the mathematics as simple as possible, while explaining the basic principles, only discrete time models with ... Read more
This book provides an introduction to the mathematical modelling of real world financial markets and the rational pricing of derivatives, which is part of the theory that not only underpins modern financial practice but is a thriving area of mathematical research. The central theme is the question of how to find a fair price for a derivative; defined to be a price at which it is not possible for any trader to make a risk free profit by trading in the derivative.
To keep the mathematics as simple as possible, while explaining the basic principles, only discrete time models with ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer London Ltd United Kingdom
Number of pages
344
Condition
New
Series
Springer Undergraduate Mathematics Series
Number of Pages
325
Place of Publication
England, United Kingdom
ISBN
9781447144076
SKU
V9781447144076
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Cutland, Nigel J.; Roux, Alet
Nigel J. Cutland is Professor of Mathematics at the University of York, UK. Alet Roux also teaches at the University of York, UK, where she is Chair of the Board of Examiners and a member of the Mathematical Finance and Stochastic Analysis Research Group.
Reviews for Derivative Pricing in Discrete Time
From the reviews: “Derivative Pricing in Discrete Time introduces the basic ideas of financial derivatives with a minimum of prerequisites. … Indeed, as an undergraduate-level mathematical treatment of the subject, this is the best textbook I have seen. … I would recommend the book to students preparing for financial careers, such as actuaries. Practical pricing models should make more ... Read more