Stochastic Finance: An Introduction in Discrete Time. Front Cover. Hans Föllmer, Alexander Schied. Walter de Gruyter, – Business & Economics – DOI /s BOOK REVIEW. H. Föllmer, A. Schied: Stochastic finance: an introduction in discrete time. de Gruyter Studies. : Stochastic Finance: An Introduction In Discrete Time 2 (Degruyter Studies in Mathematics) (): Hans Follmer, Alexander Schied.
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Shopbop Designer Fashion Brands. While the editorial board of the Studies has changed with the years, the aspirations of the Studies are unchanged. Mathematical finance in one period 1 Arbitrage theory 1.
Withoutabox Submit to Film Festivals. Topics include the characterization of arbitrage-free markets, preferences follmef asset profiles, an introduction to equilibrium analysis, and monetary measures of financial risk.
Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. In addition, it can serve as a guide for folkmer and seminars on a graduate level. This book is an introduction to financial mathematics. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule.
Learn more about Amazon Giveaway. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies stochadtic minimal shortfall risk.
First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems in the theory of pricing and hedging of financial derivatives. The works in this series are addressed to advanced students and researchers in mathematics and theoretical physics. Stochastic Finance de Gruyter Textbook. Page 1 of 1 Start over Page 1 of 1.
This book is an introduction to financial mathematics. The first part of the book contains a study of a simple one-period model, which also serves as a building block for later developments. East Dane Designer Men’s Fashion. Set up a giveaway. Learn more about Amazon Prime. Amazon Inspire Digital Educational Resources.
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Try the Kindle edition and experience these great reading features: Dynamic hedging Dynamic arbitrage theory American contingent claims Superhedging Efficient hedging Hedging under constraints Minimizing the hedging error Dynamic risk measures. It also includes new material on risk measures and the related issue of model uncertainty, in particular a new chapter on dynamic risk measures and new sections on robust utility maximization and on efficient hedging with convex risk measures.
It is intended for graduate students in mathematics and for researchers working in academia and industry. Share your thoughts with other customers. Apart from covering important areas of current interest, a major aim is to make topics of an interdisciplinary nature accessible to the non-specialist. In times of rapid growth of mathematical knowledge carefully written monographs and textbooks written by experts are needed more than ever, not least to pave the way for the next generation of mathematicians.
This is the third, revised and extended edition of the classical introduction to the mathematics of finance, based on stochastic models in discrete time. Discover Prime Book Box for Kids. Alexa Actionable Analytics for the Web.
De Gruyter; 3 edition January 28, Language: First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems in the theory of pricing and hedging of financial derivatives. There’s a problem loading this menu right now. Explore the Home Gift Guide.
Customers who viewed this item also viewed. It also includes material on risk measures and the related issue of model uncertainty, in particular a chapter on dynamic risk measures and sections on robust utility maximization and on efficient ztochastic with convex risk measures. Amazon Second Chance Pass it on, trade it in, give it a second life. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk.
Stochastic Finance, 4th Edition [Book]
Very in depth look at finite methods in finance. George YinQing Zhang No preview available – My library Help Advanced Book Search. In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework.
Top Reviews Most recent Top Reviews. Amazon Renewed Refurbished products with a warranty. It may serve as basis for graduate courses and be also interesting for those who work in the financial industry and want to get an financw about the mathematical methods of risk assessment.