Aspects of Mathematical Finance

Marc Yor

ISBN 10: 364209452X / ISBN 13: 9783642094521

Edité par Springer Berlin Heidelberg, Springer Berlin Heidelberg Okt 2010, 2010

A propos de cet article

Neuware -Considering the stupendous gain in importance, in the banking and insurance industries since the early 1990¿s, of mathematical methodology, especially probabilistic methodology, it was a very natural idea for the French 'Académie des Sciences' to propose a series of public lectures, accessible to an educated audience, to promote a wider understanding for some of the fundamental ideas, techniques and new tools of the financial industries.These lectures were given at the 'Académie des Sciences' in Paris by internationally renowned experts in mathematical finance, and later written up for this volume which develops, in simple yet rigorous terms, some challenging topics such as risk measures, the notion of arbitrage, dynamic models involving fundamental stochastic processes like Brownian motion and Lévy processes.The Ariadne¿s thread leads the reader from Louis Bachelier¿s thesis 1900 to the famous Black-Scholes formula of 1973 and to most recent work close to Malliavin¿s stochastic calculus of variations. The book also features a description of the trainings of French financial analysts which will help them to become experts in these fast evolving mathematical techniques.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 88 pp. Englisch.

N° de réf. du vendeur 9783642094521

Détails bibliographiques

• Titre: Aspects of Mathematical Finance
• Éditeur: Springer Berlin Heidelberg, Springer Berlin Heidelberg Okt 2010
• Date de parution: 2010
• Langue: anglais
• ISBN à 10 chiffres: 364209452X
• ISBN à 13 chiffres: 9783642094521
• Reliure: Taschenbuch
• État de l'article: Neu
• Dimensions: 235 L x 155 H x 6 P (en millimètres) 235 millimètres de largeur par 155 millimètres de hauteur par 6 millimètres de profondeur
• Poids: 149 grammes

A propos de ce titre

Synopsis

Considering the stupendous gain in importance, in the banking and insurance industries since the early 1990's, of mathematical methodology, especially probabilistic methodology, it was a very natural idea for the French "Académie des Sciences" to propose a series of public lectures, accessible to an educated audience, to promote a wider understanding for some of the fundamental ideas, techniques and new tools of the financial industries.

These lectures were given at the "Académie des Sciences" in Paris by internationally renowned experts in mathematical finance, and later written up for this volume which develops, in simple yet rigorous terms, some challenging topics such as risk measures, the notion of arbitrage, dynamic models involving fundamental stochastic processes like Brownian motion and Lévy processes.

The Ariadne's thread leads the reader from Louis Bachelier's thesis 1900 to the famous Black-Scholes formula of 1973 and to most recent work close to Malliavin's stochastic calculus of variations. The book also features a description of the trainings of French financial analysts which will help them to become experts in these fast evolving mathematical techniques.