Ebook Info
- Published: 2012
- Number of pages: 186 pages
- Format: PDF
- File Size: 0.74 MB
- Authors: Marek Capinski
Description
This book focuses specifically on the key results in stochastic processes that have become essential for finance practitioners to understand. The authors study the Wiener process and Itô integrals in some detail, with a focus on results needed for the Black–Scholes option pricing model. After developing the required martingale properties of this process, the construction of the integral and the Itô formula (proved in detail) become the centrepiece, both for theory and applications, and to provide concrete examples of stochastic differential equations used in finance. Finally, proofs of the existence, uniqueness and the Markov property of solutions of (general) stochastic equations complete the book. Using careful exposition and detailed proofs, this book is a far more accessible introduction to Itô calculus than most texts. Students, practitioners and researchers will benefit from its rigorous, but unfussy, approach to technical issues. Solutions to the exercises are available online.
User’s Reviews
Reviews from Amazon users which were colected at the time this book was published on the website:
⭐Die stochastischen Grundlagen der Finanzmathematik werden sachgerecht dargestellt
⭐
Keywords
Free Download Stochastic Calculus for Finance (Mastering Mathematical Finance) 1st Edition in PDF format
Stochastic Calculus for Finance (Mastering Mathematical Finance) 1st Edition PDF Free Download
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Stochastic Calculus for Finance (Mastering Mathematical Finance) 1st Edition 2012 PDF Free Download
Download Stochastic Calculus for Finance (Mastering Mathematical Finance) 1st Edition PDF
Free Download Ebook Stochastic Calculus for Finance (Mastering Mathematical Finance) 1st Edition