Published Year: 2005
Page count: 355
File Size: 2 MB
Language: English
Published by: Springer
Visited by: 167
Rating/Review: 4.6
ISBN: 0387212922
9780387212920

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Mathematics of Financial Markets

4.6

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Intermediate Economics English

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Recent years have seen a number of introductory texts which focus on the applications of modern stochastic calculus to the theory of finance, and on the pricing models for derivative securities in particular. Some of these books develop the mathematics very quickly, making substantial demands on the readerOs background in advanced probability theory. Others emphasize the financial applications and do not attempt a rigorous coverage of the continuous-time calculus. This book provides a rigorous introduction for those who do not have a good background in stochastic calculus. The emphasis is on keeping the discussion self-contained rather than giving the most general results possible.

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