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Option Theory with Stochastic Analysis
Fred E. Benth
€ 73.81
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Description for Option Theory with Stochastic Analysis
Paperback. An introduction to option pricing, invoking a minimum of stochastic analysis and requiring only basic mathematical skills. It covers the theory essential to the statistical modeling of stocks, pricing of derivatives with martingale theory, and computational finance including both finite-difference and Monte Carlo methods. Series: Universitext. Num Pages: 172 pages, 1 black & white illustrations, biography. BIC Classification: KFFM; PBT. Category: (G) General (US: Trade); (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 233 x 157 x 11. Weight in Grams: 280.
Since 1972 and the appearance of the famous Black & Scholes option pric ing formula, derivatives have become an integrated part of everyday life in the financial industry. Options and derivatives are tools to control risk ex posure, and used in the strategies of investors speculating in markets like fixed-income, stocks, currencies, commodities and energy. A combination of mathematical and economical reasoning is used to find the price of a derivatives contract. This book gives an introduction to the theory of mathematical finance, which is the modern approach to analyse options and derivatives. Roughly speaking, we can divide mathematical fi ... Read more
Since 1972 and the appearance of the famous Black & Scholes option pric ing formula, derivatives have become an integrated part of everyday life in the financial industry. Options and derivatives are tools to control risk ex posure, and used in the strategies of investors speculating in markets like fixed-income, stocks, currencies, commodities and energy. A combination of mathematical and economical reasoning is used to find the price of a derivatives contract. This book gives an introduction to the theory of mathematical finance, which is the modern approach to analyse options and derivatives. Roughly speaking, we can divide mathematical fi ... Read more
Product Details
Format
Paperback
Publication date
2003
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
172
Condition
New
Series
Universitext
Number of Pages
162
Place of Publication
Berlin, Germany
ISBN
9783540405023
SKU
V9783540405023
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Option Theory with Stochastic Analysis
From the reviews: "This is a … book concerned solely with describing the mathematics of option pricing and I found it a delight to read. It is very well written, quite comprehensive and non-rigorous so that it can be used on courses aimed at a variety of students. … The book includes a healthy number ... Read more