Mathematics for Finance: An Introduction to Financial Engineering / Edition 1

Mathematics for Finance: An Introduction to Financial Engineering / Edition 1

by Marek Capinski, Tomasz Zastawniak
     
 

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,… See more details below

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)

Read More

Product Details

ISBN-13:
9781852333300
Publisher:
Springer-Verlag New York, LLC
Publication date:
06/29/2007
Series:
Springer Undergraduate Mathematics Series
Edition description:
Older Edition
Pages:
310
Product dimensions:
7.34(w) x 9.22(h) x 0.81(d)

Table of Contents

1Introduction: A Simple Market Model1
2Risk-Free Assets21
3Risky Assets47
4Discrete Time Market Models73
5Portfolio Management91
6Forward and Futures Contracts125
7Options: General Properties147
8Option Pricing173
9Financial Engineering191
10Variable Interest Rates215
11Stochastic Interest Rates237
Solutions263
Bibliography303
Glossary of Symbols305
Index307

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >