An Introduction to the Mathematics of Financial Derivatives

An Introduction to the Mathematics of Financial Derivatives is a popular, intuitive text that eases the transition between basic summaries of financial engineering to more advanced treatments using stochastic calculus. Requiring only a basic knowledge of calculus and probability, it takes readers on a tour of advanced financial engineering. This classic title has been revised by Ali Hirsa, who accentuates its well-known strengths while introducing new subjects, updating others, and bringing new continuity to the whole. Popular with readers because it emphasizes intuition and common sense, An Introduction to the Mathematics of Financial Derivatives remains the only introductory text that can appeal to people outside the mathematics and physics communities as it explains the hows and whys of practical finance problems. Facilitates readers' understanding of underlying mathematical and theoretical models by presenting a mixture of theory and applications with hands-on learningPresented intuitively, breaking up complex mathematics concepts into easily understood notionsEncourages use of discrete chapters as complementary readings on different topics, offering flexibility in learning and teaching INDICE: 1: Financial Derivatives: A Brief Introduction 2: A Primer on Arbitrage Theorem 3: Review of Deterministic Calculus 4: Pricing Derivatives: Models and Notations 5: Tools in Probability Theory 6: Martingales and Martingale Representations 7: Wiener Process, Levy Processes, and Rare Events 8: Differentiation in Stochastic Environments 9: Integration in Stochastic Environments 10: Ito's Lemma 11: The dynamics of Derivatives Prices: Stochastic Differential 12: Pricing Derivatives Products via Partial Differential Equations 13: Equivalent Martingale Measures 14: Equivalent Martingale Measures: Applications 15: Arbitrage Theorem in a New Setting 16: Term Structure Modeling and Related Concepts 17: Approaches to Modeling Term Structure 18: Conditional Expectations and PDEs 19: Derivative Pricing via Transform Techniques 20: Credit Spread and Credit Derivatives 21: Stopping Times and American-Style Derivatives 22: A Primer on Calibration and Estimation Techniques

• ISBN: 978-0-12-384682-2
• Editorial: Academic Press
• Encuadernacion: Cartoné
• Páginas: 526
• Fecha Publicación: 27/01/2014
• Nº Volúmenes: 1
• Idioma: Inglés