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Stochastic Models of Financial Mathematics

Gebonden Engels 2016 9781785481987
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

This book presents a short introduction to continuous-time financial models. An overview of the basics of stochastic analysis precedes a focus on the Black–Scholes and interest rate models. Other topics covered include self-financing strategies, option pricing, exotic options and risk-neutral probabilities. Vasicek, Cox−Ingersoll−Ross, and Heath–Jarrow–Morton interest rate models are also explored.The author presents practitioners with a basic introduction, with more rigorous information provided for mathematicians. The reader is assumed to be familiar with the basics of probability theory. Some basic knowledge of stochastic integration and differential equations theory is preferable, although all preliminary information is given in the first part of the book. Some relatively simple theoretical exercises are also provided.

Specificaties

ISBN13:9781785481987
Taal:Engels
Bindwijze:Gebonden

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Inhoudsopgave

<p>1: Overview of the Basics of Stochastic Analysis</p> <p>2: The Black–Scholes Model</p> <p>3: Models of Interest Rates</p>

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        Stochastic Models of Financial Mathematics