Introduction to the Mathematics of Finance

  • Author : Ruth J. Williams
  • Publsiher : American Mathematical Soc.
  • Release : 14 April 2021
  • ISBN : 9780821839034
  • Page : 150 pages
  • Rating : 4/5 from 21 voters

Download or read online book entitled Introduction to the Mathematics of Finance written by Ruth J. Williams and published by American Mathematical Soc.. This book was released on 14 April 2021 with total page 150 pages. Available in PDF, EPUB and Kindle. Get best books that you want by click Get Book Button and Read as many books as you like. Book Excerpt : The modern subject of mathematical finance has undergone considerable development, both in theory and practice, since the seminal work of Black and Scholes appeared a third of a century ago. This book is intended as an introduction to some elements of the theory that will enable students and researchers to go on to read more advanced texts and research papers. The book begins with the development of the basic ideas of hedging and pricing of European and American derivatives in the discrete (i.e., discrete time and discrete state) setting of binomial tree models. Then a general discrete finite market model is introduced, and the fundamental theorems of asset pricing are proved in this setting. Tools from probability such as conditional expectation, filtration, (super)martingale, equivalent martingale measure, and martingale representation are all used first in this simple discrete framework. This provides a bridge to the continuous (time and state) setting, which requires the additional concepts of Brownian motion and stochastic calculus. The simplest model in the continuous setting is the famous Black-Scholes model, for which pricing and hedging of European and American derivatives are developed. The book concludes with a description of the fundamental theorems for a continuous market model that generalizes the simple Black-Scholes model in several directions.

Introduction to the Mathematics of Finance

Introduction to the Mathematics of Finance
Author: Ruth J. Williams
Publisher: American Mathematical Soc.
Relase: 2006
ISBN: 9780821839034
GET BOOK

An Introduction to the Mathematics of Finance

An Introduction to the Mathematics of Finance
Author: John J. McCutcheon,William F. Scott
Publisher: Butterworth-Heinemann
Relase: 1986
ISBN: UCSC:32106018267853
GET BOOK

An Introduction to the Mathematics of Financial Derivatives

An Introduction to the Mathematics of Financial Derivatives
Author: Salih N. Neftci,Ali Hirsa,Salih N.. Neftci
Publisher: Academic Press
Relase: 2000-06-02
ISBN: 9780125153928
GET BOOK

An Introduction to Mathematical Finance with Applications

An Introduction to Mathematical Finance with Applications
Author: Arlie O. Petters,Xiaoying Dong
Publisher: Springer
Relase: 2016-06-17
ISBN: 9781493937837
GET BOOK

Introduction to the Mathematics of Finance

Introduction to the Mathematics of Finance
Author: Steven Roman
Publisher: Springer Science & Business Media
Relase: 2013-12-01
ISBN: 9781441990051
GET BOOK

An Introduction to the Mathematics of Finance

An Introduction to the Mathematics of Finance
Author: Alfred Hurlstone Pollard
Publisher: Pergamon
Relase: 1977
ISBN: 0080217966
GET BOOK

An Introduction to the Mathematics of Finance

An Introduction to the Mathematics of Finance
Author: Stephen Garrett
Publisher: Butterworth-Heinemann
Relase: 2016-05-19
ISBN: 0081013027
GET BOOK

An Elementary Introduction to Mathematical Finance

An Elementary Introduction to Mathematical Finance
Author: Sheldon M. Ross
Publisher: Cambridge University Press
Relase: 2003
ISBN: 0521814294
GET BOOK

Mathematics of Finance

Mathematics of Finance
Author: Donald G. Saari
Publisher: Springer Nature
Relase: 2019-08-31
ISBN: 9783030254438
GET BOOK

Introduction to Mathematical Finance

Introduction to Mathematical Finance
Author: David C. Heath Glen Swindle
Publisher: American Mathematical Soc.
Relase: 2000-01-25
ISBN: 0821867628
GET BOOK

Mathematical Finance

Mathematical Finance
Author: Mark H. A. Davis
Publisher: Oxford University Press, USA
Relase: 2019
ISBN: 9780198787945
GET BOOK

An Introduction to The Mathematics of Finance

An Introduction to The Mathematics of Finance
Author: A. H. Pollard
Publisher: Elsevier
Relase: 2014-05-18
ISBN: 9781483135854
GET BOOK

An Introduction to the Mathematics of Finance

An Introduction to the Mathematics of Finance
Author: J. McCutcheon
Publisher: Unknown
Relase: 2003
ISBN: OCLC:1101883017
GET BOOK

Mathematics for Finance

Mathematics for Finance
Author: Marek Capiński,Tomasz Zastawniak
Publisher: Springer
Relase: 2011-04-08
ISBN: 0857290835
GET BOOK

Introduction to Financial Mathematics

Introduction to Financial Mathematics
Author: Kevin J. Hastings
Publisher: CRC Press
Relase: 2015-10-28
ISBN: 9781498723916
GET BOOK