The Mathematics of Financial Derivatives: A Student Introduction - Couverture rigide

Wilmott, Paul; Howison, Sam; Dewynne, Jeff

Couverture rigide

ISBN 10 : 0521496993 ISBN 13 : 9780521496995

Editeur : Cambridge University Press, 1995

Synopsis

The authors describe the modelling of financial derivative products from an applied mathematician's viewpoint.

A propos du livre

Présentation de l'éditeur

Finance is one of the fastest growing areas in the modern banking and corporate world. This, together with the sophistication of modern financial products, provides a rapidly growing impetus for new mathematical models and modern mathematical methods; the area is an expanding source for novel and relevant 'real-world' mathematics. In this book the authors describe the modelling of financial derivative products from an applied mathematician's viewpoint, from modelling through analysis to elementary computation. A unified approach to modelling derivative products as partial differential equations is presented, using numerical solutions where appropriate. Some mathematics is assumed, but clear explanations are provided for material beyond elementary calculus, probability, and algebra. Over 140 exercises are included. This volume will become the standard introduction to this exciting new field for advanced undergraduate students.

Revue de presse

'The layout is good and clear, so is the style of notation ... overall this is an excellent tool for both mathematicians interested in the world of finance as well as finance practitioners keen to rebuild the foundations of their knowledge.' Rudi Bogni, The Times Higher Education Supplement

'The book is pleasantly readable and gives a good introduction.' C. Praagman, ITW Nieuws

Détails de l'édition

• Éditeur: Cambridge University Press
• Date d'édition: 1995
• ISBN 10: 0521496993
• ISBN 13: 9780521496995
• Reliure: Relié
• Langue: anglais
• Nombre de pages: 333