Pricing Financial Instruments: The Finite Difference Method

Pricing Financial Instruments: The Finite Difference Method
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Pricing Monetary Instruments: The Finite Distinction Strategy Description

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Numerical methods for solution of equations monetary instrument pricing are becoming vital for practitioners of modern day quantitative finance. Amongst the most promising of these new technologies Computational Finance is a finite distinction strategy, but until now no single resource for good quality, this overview of revolutionary new approach to quantitative risk management.
Costs of monetary instruments, and written by Domingo Tavel and Curt Randall, two of the principal supporters of the finite distinction approach, presents a logical framework for the implementation of the finite distinction technique for pricing financial products derivatives. Detailing the algorithmic and numerical techniques that are the foundation of modern day finance in both mathematics and the creation of monetary products, even though deliberately keeping mathematical complexity to a minimum, this eagerly awaited book shows how the strategies described can be utilized to price a simple model Pricing Financial Instruments: The Finite Difference Method

\n\nPricing Monetary Instruments: The Finite Difference Technique Ebook

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