Description: An ideal introduction for those starting out as practitioners of mathematical finance, this book provides a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice. Strengths and weaknesses of different models, e.g. Black-Scholes, stochastic volatility, jump-diffusion and variance gamma, are examined. Both the theory and the implementation of the industry-standard LIBOR market model are considered in detail. Each pricing problem is approached using multiple techniques including the well-known PDE and martingale approaches. This second edition contains many more worked examples and over 200 exercises with detailed solutions. Extensive appendices provide a guide to jargon, a recap of the elements of probability theory, and a collection of computer projects. The author brings to this book a blend of practical experience and rigorous mathematical background and supplies here the working knowledge needed to become a good quantitative analyst.
Price: 78.8 USD
Location: Hillsdale, NSW
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 60 Days
Refund will be given as: Money back or replacement (buyer's choice)
EAN: 9780521514088
UPC: 9780521514088
ISBN: 9780521514088
MPN: N/A
Book Title: The Concepts and Practice of Mathematical Finance
Number of Pages: 558 Pages
Publication Name: concepts and Practice of Mathematical Finance
Language: English
Publisher: Cambridge University Press
Item Height: 1.2 in
Publication Year: 2008
Subject: Interest, Investments & Securities / Derivatives, Decision-Making & Problem Solving, Finance / General, Investments & Securities / Analysis & Trading Strategies, Investments & Securities / Options, Applied
Item Weight: 43 Oz
Type: Textbook
Item Length: 9.8 in
Subject Area: Mathematics, Business & Economics
Author: Mark S. Joshi
Series: Mathematics, Finance and Risk Ser.
Item Width: 6.7 in
Format: Hardcover
