Stochastic Finance

Book Stochastic Finance Cover

Download book entitled Stochastic Finance by Nicolas Privault and published by CRC Press in PDF, EPUB and Kindle. Read Stochastic Finance book directly from your devices anywhere anytime. Click Download Book button to get book file. Read some info about this book below.

  • Publisher : CRC Press
  • Release : 20 December 2013
  • ISBN : 9781466594029
  • Page : 441 pages
  • Rating : 4.5/5 from 103 voters

Stochastic Finance Book PDF summary

Stochastic Finance: An Introduction with Market Examples presents an introduction to pricing and hedging in discrete and continuous time financial models without friction, emphasizing the complementarity of analytical and probabilistic methods. It demonstrates both the power and limitations of mathematical models in finance, covering the basics of finance and stochastic calculus, and builds up to special topics, such as options, derivatives, and credit default and jump processes. It details the techniques required to model the time evolution of risky assets. The book discusses a wide range of classical topics including Black–Scholes pricing, exotic and American options, term structure modeling and change of numéraire, as well as models with jumps. The author takes the approach adopted by mainstream mathematical finance in which the computation of fair prices is based on the absence of arbitrage hypothesis, therefore excluding riskless profit based on arbitrage opportunities and basic (buying low/selling high) trading. With 104 figures and simulations, along with about 20 examples based on actual market data, the book is targeted at the advanced undergraduate and graduate level, either as a course text or for self-study, in applied mathematics, financial engineering, and economics.

DOWNLOAD BOOK

Stochastic Finance

Stochastic Finance
  • Author : Nicolas Privault
  • Publisher : CRC Press
  • Release Date : 2013-12-20
  • ISBN : 9781466594029
DOWNLOAD BOOKStochastic Finance

Stochastic Finance: An Introduction with Market Examples presents an introduction to pricing and hedging in discrete and continuous time financial models without friction, emphasizing the complementarity of analytical and probabilistic methods. It demonstrates both the power and limitations of mathematical models in finance, covering the basics of finance and stochastic calculus, and builds up to special topics, such as options, derivatives, and credit default and jump processes. It details the techniques required to model the time evolution of risky assets.

Essentials of Stochastic Finance

Essentials of Stochastic Finance
  • Author : Albert N. Shiryaev
  • Publisher : World Scientific
  • Release Date : 1999
  • ISBN : 9789810236052
DOWNLOAD BOOKEssentials of Stochastic Finance

Readership: Undergraduates and researchers in probability and statistics; applied, pure and financial mathematics; economics; chaos.

Introduction to Stochastic Finance

Introduction to Stochastic Finance
  • Author : Jia-An Yan
  • Publisher : Springer
  • Release Date : 2018-10-10
  • ISBN : 9789811316579
DOWNLOAD BOOKIntroduction to Stochastic Finance

This book gives a systematic introduction to the basic theory of financial mathematics, with an emphasis on applications of martingale methods in pricing and hedging of contingent claims, interest rate term structure models, and expected utility maximization problems. The general theory of static risk measures, basic concepts and results on markets of semimartingale model, and a numeraire-free and original probability based framework for financial markets are also included. The basic theory of probability and Ito's theory of stochastic analysis, as

Stochastic Finance

Stochastic Finance
  • Author : Jan Vecer
  • Publisher : CRC Press
  • Release Date : 2011-01-06
  • ISBN : 9781439812525
DOWNLOAD BOOKStochastic Finance

Unlike much of the existing literature, Stochastic Finance: A Numeraire Approach treats price as a number of units of one asset needed for an acquisition of a unit of another asset instead of expressing prices in dollar terms exclusively. This numeraire approach leads to simpler pricing options for complex products, such as barrier, lookback, quant

Stochastic Calculus for Finance I

Stochastic Calculus for Finance I
  • Author : Steven Shreve
  • Publisher : Springer Science & Business Media
  • Release Date : 2005-06-28
  • ISBN : 0387249680
DOWNLOAD BOOKStochastic Calculus for Finance I

Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S. Has been tested in the classroom and revised over a period of several years Exercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance

Stochastic Calculus and Financial Applications

Stochastic Calculus and Financial Applications
  • Author : J. Michael Steele
  • Publisher : Springer Science & Business Media
  • Release Date : 2012-12-06
  • ISBN : 9781468493054
DOWNLOAD BOOKStochastic Calculus and Financial Applications

Stochastic calculus has important applications to mathematical finance. This book will appeal to practitioners and students who want an elementary introduction to these areas. From the reviews: "As the preface says, ‘This is a text with an attitude, and it is designed to reflect, wherever possible and appropriate, a prejudice for the concrete over the abstract’. This is also reflected in the style of writing which is unusually lively for a mathematics book." --ZENTRALBLATT MATH

Stochastic Finance

Stochastic Finance
  • Author : Hans Föllmer,Alexander Schied
  • Publisher : Walter de Gruyter GmbH & Co KG
  • Release Date : 2016-07-25
  • ISBN : 9783110463453
DOWNLOAD BOOKStochastic Finance

This book is an introduction to financial mathematics. It is intended for graduate students in mathematics and for researchers working in academia and industry. The focus on stochastic models in discrete time has two immediate benefits. First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems in the theory of pricing and hedging of financial derivatives. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the

Stochastic Calculus for Finance

Stochastic Calculus for Finance
  • Author : Marek Capiński,P. E. Kopp,Ekkehard Kopp,Janusz Traple
  • Publisher : Cambridge University Press
  • Release Date : 2012-08-23
  • ISBN : 9781107002647
DOWNLOAD BOOKStochastic Calculus for Finance

Introduces key results essential for financial practitioners by means of concrete examples and a fully rigorous exposition.