Mathematics for Finance: An Introduction to Financial Engineering / Edition 2

Mathematics for Finance: An Introduction to Financial Engineering / Edition 2

by Marek Capinski, Tomasz Zastawniak
     
 

ISBN-10: 0857290819

ISBN-13: 9780857290816

Pub. Date: 11/25/2010

Publisher: Springer London

As with the first edition, Mathematics for Finance: An Introduction to Financial Engineering combines financial motivation with mathematical style. Assuming only basic knowledge of probability and calculus, it presents three major areas of mathematical finance, namely Option pricing based on the no-arbitrage principle in discrete and continuous time setting,

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Overview

As with the first edition, Mathematics for Finance: An Introduction to Financial Engineering combines financial motivation with mathematical style. Assuming only basic knowledge of probability and calculus, it presents three major areas of mathematical finance, namely Option pricing based on the no-arbitrage principle in discrete and continuous time setting, Markowitz portfolio optimisation and Capital Asset Pricing Model, and basic stochastic interest rate models in discrete setting.

From the reviews of the first edition:

”This text is an excellent introduction to Mathematical Finance. Armed with a knowledge of basic calculus and probability a student can use this book to learn about derivatives, interest rates and their term structure and portfolio management.”(Zentralblatt MATH)

”Given these basic tools, it is surprising how high a level of sophistication the authors achieve, covering such topics as arbitrage-free valuation, binomial trees, and risk-neutral valuation.” (www.riskbook.com)

”The reviewer can only congratulate the authors with successful completion of a difficult task of writing a useful textbook on a traditionally hard topic.” (K. Borovkov, The Australian Mathematical Society Gazette, Vol. 31 (4), 2004)

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Product Details

ISBN-13:
9780857290816
Publisher:
Springer London
Publication date:
11/25/2010
Series:
Springer Undergraduate Mathematics Series
Edition description:
2nd ed. 2011
Pages:
349
Sales rank:
499,310
Product dimensions:
6.10(w) x 9.10(h) x 0.80(d)

Table of Contents

A Simple Market Model.- Risk-Free Assets.- Portfolio Management.- Forward and Futures Contracts.- Options: General Properties.- Binomial Model.- General Discrete Time Models.- Continuous Time Model.- Interest Rates.

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