Mathematical Finance and Probability : A Discrete Introduction

Koch Medina, Pablo, Merino, Sandro

ISBN 10: 3764369213 / ISBN 13: 9783764369217

Edité par Springer Basel AG, 2002

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Ships from the UK. Former library book; may include library markings. Used book that is in excellent condition. May show signs of wear or have minor defects.

N° de réf. du vendeur 52225729-20

Détails bibliographiques

• Titre: Mathematical Finance and Probability : A Discrete Introduction
• Éditeur: Springer Basel AG
• Date de parution: 2002
• Langue: anglais
• ISBN à 10 chiffres: 3764369213
• ISBN à 13 chiffres: 9783764369217
• Reliure: Couverture souple
• Édition: 1st Edition.
• État de l'article: Very Good

A propos de ce titre

Synopsis

On what grounds can one reasonably expect that a complex financial contract solving a complex real-world issue does not deserve the same thorough scientific treatment as an aeroplane wing or a micro-proces- sor? Only ignorance would suggest such an idea. E. Briys and F. De Varenne The objective of this book is to give a self-contained presentation of that part of mathematical finance devoted to the pricing of derivative instruments. During the past two decades the pricing of financial derivatives - or more generally: mathematical finance - has steadily won in importance both within the financial services industry and within the academic world. The complexity of the mathemat- ics needed to master derivatives techniques naturally resulted in a high demand for quantitatively oriented professionals (mostly mathematicians and physicists) in the banking and insurance world. This in turn triggered a demand for university courses on the relevant topics and at the same time confronted the mathematical community with an interesting field of application for many techniques that had originally been developed for other purposes. Most probably this development was accelerated by an ever more applied orientation of the mathematics curriculum and the fact that finance institutions were often willing to generously support research in this field.