Introduction to Stochastic Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Introduction to Stochastic Finance write by Jia-An Yan. This book was released on 2018-10-10. Introduction to Stochastic Finance available in PDF, EPUB and Kindle. This book gives a systematic introduction to the basic theory of financial mathematics, with an emphasis on applications of martingale methods in pricing and hedging of contingent claims, interest rate term structure models, and expected utility maximization problems. The general theory of static risk measures, basic concepts and results on markets of semimartingale model, and a numeraire-free and original probability based framework for financial markets are also included. The basic theory of probability and Ito's theory of stochastic analysis, as preliminary knowledge, are presented.
Introduction to Stochastic Calculus with Applications
Introduction to Stochastic Calculus with Applications - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Introduction to Stochastic Calculus with Applications write by Fima C. Klebaner. This book was released on 2005. Introduction to Stochastic Calculus with Applications available in PDF, EPUB and Kindle. This book presents a concise treatment of stochastic calculus and its applications. It gives a simple but rigorous treatment of the subject including a range of advanced topics, it is useful for practitioners who use advanced theoretical results. It covers advanced applications, such as models in mathematical finance, biology and engineering.Self-contained and unified in presentation, the book contains many solved examples and exercises. It may be used as a textbook by advanced undergraduates and graduate students in stochastic calculus and financial mathematics. It is also suitable for practitioners who wish to gain an understanding or working knowledge of the subject. For mathematicians, this book could be a first text on stochastic calculus; it is good companion to more advanced texts by a way of examples and exercises. For people from other fields, it provides a way to gain a working knowledge of stochastic calculus. It shows all readers the applications of stochastic calculus methods and takes readers to the technical level required in research and sophisticated modelling.This second edition contains a new chapter on bonds, interest rates and their options. New materials include more worked out examples in all chapters, best estimators, more results on change of time, change of measure, random measures, new results on exotic options, FX options, stochastic and implied volatility, models of the age-dependent branching process and the stochastic Lotka-Volterra model in biology, non-linear filtering in engineering and five new figures.Instructors can obtain slides of the text from the author.
Stochastic Finance
Stochastic Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Stochastic Finance write by Nicolas Privault. This book was released on 2013-12-20. Stochastic Finance available in PDF, EPUB and Kindle. Stochastic Finance: An Introduction with Market Examples presents an introduction to pricing and hedging in discrete and continuous time financial models without friction, emphasizing the complementarity of analytical and probabilistic methods. It demonstrates both the power and limitations of mathematical models in finance, covering the basics of finance and stochastic calculus, and builds up to special topics, such as options, derivatives, and credit default and jump processes. It details the techniques required to model the time evolution of risky assets. The book discusses a wide range of classical topics including Black–Scholes pricing, exotic and American options, term structure modeling and change of numéraire, as well as models with jumps. The author takes the approach adopted by mainstream mathematical finance in which the computation of fair prices is based on the absence of arbitrage hypothesis, therefore excluding riskless profit based on arbitrage opportunities and basic (buying low/selling high) trading. With 104 figures and simulations, along with about 20 examples based on actual market data, the book is targeted at the advanced undergraduate and graduate level, either as a course text or for self-study, in applied mathematics, financial engineering, and economics.
Essentials of Stochastic Finance
Essentials of Stochastic Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Essentials of Stochastic Finance write by Albert N. Shiryaev. This book was released on 1999. Essentials of Stochastic Finance available in PDF, EPUB and Kindle. Readership: Undergraduates and researchers in probability and statistics; applied, pure and financial mathematics; economics; chaos.
Introduction to Stochastic Calculus for Finance
Introduction to Stochastic Calculus for Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Introduction to Stochastic Calculus for Finance write by Dieter Sondermann. This book was released on 2006-12-02. Introduction to Stochastic Calculus for Finance available in PDF, EPUB and Kindle. Although there are many textbooks on stochastic calculus applied to finance, this volume earns its place with a pedagogical approach. The text presents a quick (but by no means "dirty") road to the tools required for advanced finance in continuous time, including option pricing by martingale methods, term structure models in a HJM-framework and the Libor market model. The reader should be familiar with elementary real analysis and basic probability theory.
