Risk Neutral Pricing and Financial Mathematics

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  • Publisher : Elsevier
  • Release : 29 July 2015
  • ISBN : 9780128017272
  • Page : 348 pages
  • Rating : 4.5/5 from 103 voters

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Risk Neutral Pricing and Financial Mathematics: A Primer provides a foundation to financial mathematics for those whose undergraduate quantitative preparation does not extend beyond calculus, statistics, and linear math. It covers a broad range of foundation topics related to financial modeling, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, and term structure models, along with related valuation and hedging techniques. The joint effort of two authors with a combined 70 years of academic and practitioner experience, Risk Neutral Pricing and Financial Mathematics takes a reader from learning the basics of beginning probability, with a refresher on differential calculus, all the way to Doob-Meyer, Ito, Girsanov, and SDEs. It can also serve as a useful resource for actuaries preparing for Exams FM and MFE (Society of Actuaries) and Exams 2 and 3F (Casualty Actuarial Society). Includes more subjects than other books, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, term structure models, valuation, and hedging techniques Emphasizes introductory financial engineering, financial modeling, and financial mathematics Suited for corporate training programs and professional association certification programs

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Risk Neutral Pricing and Financial Mathematics

Risk Neutral Pricing and Financial Mathematics
  • Author : Peter M. Knopf,John L. Teall
  • Publisher : Elsevier
  • Release Date : 2015-07-29
  • ISBN : 9780128017272
GET THIS BOOKRisk Neutral Pricing and Financial Mathematics

Risk Neutral Pricing and Financial Mathematics: A Primer provides a foundation to financial mathematics for those whose undergraduate quantitative preparation does not extend beyond calculus, statistics, and linear math. It covers a broad range of foundation topics related to financial modeling, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, and term structure models, along with related valuation and hedging techniques. The joint effort of two authors with a combined 70 years of academic and

Risk-Neutral Valuation

Risk-Neutral Valuation
  • Author : Nicholas H. Bingham,Rüdiger Kiesel
  • Publisher : Springer Science & Business Media
  • Release Date : 2013-06-29
  • ISBN : 9781447138563
GET THIS BOOKRisk-Neutral Valuation

This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measure techniques. Based on firm probabilistic foundations, general properties of discrete- and continuous-time financial market models are discussed.

Risk Neutral Pricing and Financial Mathematics

Risk Neutral Pricing and Financial Mathematics
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 2022-10-05
  • ISBN : OCLC:972066093
GET THIS BOOKRisk Neutral Pricing and Financial Mathematics

Risk Neutral Pricing and Financial Mathematics

Risk Neutral Pricing and Financial Mathematics
  • Author : Peter M. Knopf,John L. Teall
  • Publisher : Academic Press
  • Release Date : 2015-05-01
  • ISBN : 0128015349
GET THIS BOOKRisk Neutral Pricing and Financial Mathematics

Risk Neutral Pricing and Financial Mathematics: A Primer provides a foundation to financial mathematics for those whose undergraduate quantitative preparation does not extend beyond calculus, statistics, and linear math. It covers a broad range of foundation topics related to financial modeling, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, and term structure models, along with related valuation and hedging techniques. The joint effort of two authors with a combined 70 years of academic and

Risk-Neutral Valuation

Risk-Neutral Valuation
  • Author : Nicholas H. Bingham,Rudiger Kiesel
  • Publisher : Springer Science & Business Media
  • Release Date : 2013-06-29
  • ISBN : 9781447136194
GET THIS BOOKRisk-Neutral Valuation

With a simple approach accessible to a wide audience, this book aims for the heart of mathematical finance: the fundamental formula of arbitrage pricing theory. This method of pricing discounts everything and takes expected values under the equivalent martingale measure. The authors approach is simple and excludes unnecessary proofs of measure-theoretic probability, instead, it favors techniques and examples of proven interest to financial practitioners.

Finance and Financial Intermediation

Finance and Financial Intermediation
  • Author : Harold L. Cole
  • Publisher : Oxford University Press
  • Release Date : 2019-03-29
  • ISBN : 9780190941727
GET THIS BOOKFinance and Financial Intermediation

The financial system is a densely interconnected network of financial intermediaries, facilitators, and markets that serves three major purposes: allocating capital, sharing risks, and facilitating intertemporal trade. Asset prices are an important mechanism in each of these phenomena. Capital allocation, whether through loans or other forms of investment, can vary both across sectors-at the broadest, manufactures, agriculture, and services-and within sectors, for example different firms. The risk that various investors are willing to take reflects their financial position and alternative

Financial Mathematics, Derivatives and Structured Products

Financial Mathematics, Derivatives and Structured Products
  • Author : Raymond H. Chan,Yves ZY. Guo,Spike T. Lee,Xun Li
  • Publisher : Springer
  • Release Date : 2019-02-27
  • ISBN : 9789811336966
GET THIS BOOKFinancial Mathematics, Derivatives and Structured Products

This book introduces readers to the financial markets, derivatives, structured products and how the products are modelled and implemented by practitioners. In addition, it equips readers with the necessary knowledge of financial markets needed in order to work as product structurers, traders, sales or risk managers. As the book seeks to unify the derivatives modelling and the financial engineering practice in the market, it will be of interest to financial practitioners and academic researchers alike. Further, it takes a different

Financial Mathematics

Financial Mathematics
  • Author : Giuseppe Campolieti,Roman N. Makarov
  • Publisher : CRC Press
  • Release Date : 2018-10-24
  • ISBN : 9781315360485
GET THIS BOOKFinancial Mathematics

Versatile for Several Interrelated Courses at the Undergraduate and Graduate Levels Financial Mathematics: A Comprehensive Treatment provides a unified, self-contained account of the main theory and application of methods behind modern-day financial mathematics. Tested and refined through years of the authors’ teaching experiences, the book encompasses a breadth of topics, from introductory to more advanced ones. Accessible to undergraduate students in mathematics, finance, actuarial science, economics, and related quantitative areas, much of the text covers essential material for core curriculum

Introduction to the Economics and Mathematics of Financial Markets

Introduction to the Economics and Mathematics of Financial Markets
  • Author : Jaksa Cvitanic,Fernando Zapatero
  • Publisher : MIT Press
  • Release Date : 2004-02-27
  • ISBN : 0262033208
GET THIS BOOKIntroduction to the Economics and Mathematics of Financial Markets

An innovative textbook for use in advanced undergraduate and graduate courses; accessible to students in financial mathematics, financial engineering and economics. Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of undergraduate and graduate students. Each chapter presents mathematical models of financial problems at three

Introduction to Financial Mathematics

Introduction to Financial Mathematics
  • Author : Donald R. Chambers,Qin Lu
  • Publisher : CRC Press
  • Release Date : 2021-06-17
  • ISBN : 9781000370126
GET THIS BOOKIntroduction to Financial Mathematics

This book’s primary objective is to educate aspiring finance professionals about mathematics and computation in the context of financial derivatives. The authors offer a balance of traditional coverage and technology to fill the void between highly mathematical books and broad finance books. The focus of this book is twofold: To partner mathematics with corresponding intuition rather than diving so deeply into the mathematics that the material is inaccessible to many readers. To build reader intuition, understanding and confidence through

An Introduction to Financial Option Valuation

An Introduction to Financial Option Valuation
  • Author : Desmond J. Higham
  • Publisher : Cambridge University Press
  • Release Date : 2004-04-15
  • ISBN : 0521547571
GET THIS BOOKAn Introduction to Financial Option Valuation

This book is intended for use in a rigorous introductory PhD level course in econometrics, or in a field course in econometric theory. It covers the measure-theoretical foundation of probability theory, the multivariate normal distribution with its application to classical linear regression analysis, various laws of large numbers, central limit theorems and related results for independent random variables as well as for stationary time series, with applications to asymptotic inference of M-estimators, and maximum likelihood theory. Some chapters have their

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
  • Release Date : 2000-06-02
  • ISBN : 9780125153928
GET THIS BOOKAn Introduction to the Mathematics of Financial Derivatives

A step-by-step explanation of the mathematical models used to price derivatives. For this second edition, Salih Neftci has expanded one chapter, added six new ones, and inserted chapter-concluding exercises. He does not assume that the reader has a thorough mathematical background. His explanations of financial calculus seek to be simple and perceptive.

Stochastic Calculus for Finance I

Stochastic Calculus for Finance I
  • Author : Steven Shreve
  • Publisher : Springer Science & Business Media
  • Release Date : 2005-06-28
  • ISBN : 0387249680
GET THIS BOOKStochastic Calculus for Finance I

Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S. Has been tested in the classroom and revised over a period of several years Exercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance

C++ for Financial Mathematics

C++ for Financial Mathematics
  • Author : John Armstrong
  • Publisher : CRC Press
  • Release Date : 2017-01-06
  • ISBN : 9781498750066
GET THIS BOOKC++ for Financial Mathematics

If you know a little bit about financial mathematics but don’t yet know a lot about programming, then C++ for Financial Mathematics is for you. C++ is an essential skill for many jobs in quantitative finance, but learning it can be a daunting prospect. This book gathers together everything you need to know to price derivatives in C++ without unnecessary complexities or technicalities. It leads the reader step-by-step from programming novice to writing a sophisticated and flexible financial mathematics

A Benchmark Approach to Quantitative Finance

A Benchmark Approach to Quantitative Finance
  • Author : Eckhard Platen,David Heath
  • Publisher : Springer Science & Business Media
  • Release Date : 2006-10-28
  • ISBN : 9783540478560
GET THIS BOOKA Benchmark Approach to Quantitative Finance

A framework for financial market modeling, the benchmark approach extends beyond standard risk neutral pricing theory. It permits a unified treatment of portfolio optimization, derivative pricing, integrated risk management and insurance risk modeling. This book presents the necessary mathematical tools, followed by a thorough introduction to financial modeling under the benchmark approach, explaining various quantitative methods for the fair pricing and hedging of derivatives.