Stochastic Financial Models (Chapman & Hall/CRC Financial Mathematics Series)

Stochastic Financial Models (Chapman & Hall/CRC Financial Mathematics Series)
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Stochastic Financial Models (Chapman & Hall/CRC Monetary Mathematics Series) Description

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Bridging the gap between studies of the region with a reasonably straightforward grade math and books with a rigorous and formal integration of stochastic and probabilistic ideas, gives stochastic monetary models a great introduction to monetary mathematics. The author takes a classic approach to applied mathematics, focusing on calculations rather than seek maximum generality. Developed by the renowned writer of undergraduate and postgraduate courses at the University of Cambridge, the text begins with the classic utility and mean-variance approach to portfolio selection. The rest of the book deals with the pricing of derivatives. The author explains the binomial model totally simply because it is vital to understanding the pricing of derivatives hedging portfolio self-financing. It then considers the general model of discrete time, Brownian motion and the Black-Scholes. The book ends with a look at the various models of interest rates. Concepts m Stochastic Monetary Models (Chapman & Hall/CRC Financial Mathematics Series)

\n\nStochastic Monetary Models (Chapman & Hall/CRC Monetary Mathematics Series) Ebook

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