Introduction to the economics and mathematics of financial markets

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 ...

Risk-neutral valuation

pricing and hedging of financial derivatives

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 ...

Interest rate models

an introduction

The field of financial mathematics has developed tremendously over the past thirty years, and the underlying models that have taken shape in interest rate markets and bond markets, being much richer in structure than equity-derivative models, are particularly fascinating and complex. This book introduces the ...

Advanced mathematical economics

This concise textbook presents students with all they need for advancing in mathematical economics. Higher level undergraduates as well as postgraduate students in mathematical economics will find this book extremely useful in the course of their development as economists. Contents: 1. Things to Know 2 ...

Hidden Markov models

applications to financial economics

Markov chains have increasingly become useful way of capturing stochastic nature of many economic and financial variables. Although the hidden Markov processes have been widely employed for some time in many engineering applications e.g. speech recognition, its effectiveness has now been recognized in areas ...

C++ desing patterns and derivatives pricing

Design patterns are the cutting-edge paradigm for programming in object-oriented languages. Here they are discussed, for the first time in a book, in the context of implementing financial models in C++. Assuming only a basic knowledge of C++ and mathematical finance, the reader is taught ...

Business economics and finance with MATLAB,GIS,and simulation models

This book takes recent theoretical advances in Finance and Economics and shows how they can be implemented in the real world. It presents tactics for using mathematical and simulation models to solve complex tasks of forecasting income, valuing businesses, predicting retail sales, and evaluating markets ...

Matemáticas financieras

Matemáticas Financieras proporciona al lector la formación teórica práctica necesaria para que sea capaz de efectuar cálculos fiancieros y dar orientación a todos los que tengan la necesidad de obtener dinero a crédito o que dispongan de capital para invertirlo, a través de los cuatro ...

Álgebra de la nueva contabilidad

sistemas booleanos de cuentas

Este es un libro donde la lógica priva tanto o más que la propia matemática,donde se define formalmente el concepto de retículo booleano o anillo de conjuntos.Sin embargo,los tres axiomas establecidos para fundamentar su estructura,representan un contenido formal para las definiciones ...

Stochastic calculus for finance

II. Continuous-time models

"A wonderful display of the use of mathematical probability to derive a large set of results from a small set of assumptions. In summary, this is a well-written text that treats the key classical models of finance through an applied probability approach...It should serve ...

Stochastic implied volatility

a factor-based model

This book presents a factor-based model of the stochastic evolution of the implied volatility surface. The model allows for the integrated and consistent pricing and hedging, risk management, and trading of equity index derivatives as well as volatility derivatives. In the first part, the book ...

Matemática financiera

Ejercicios resueltos (1994-1997)

La obra que aquí se presenta incluye un importante conjunto de supuestos y casos prácticos,que fueron propuestos a los alumnos que realizaron sus exámenes durante el período académico que comprende los años 1994-1997. Todos los ejercicios son originales y fueron preparados por los autores ...

Empirical finance

modelling and analysis of emerging financial and stock markets

The emphasis of this book is on understanding special characteristics of the financial systems of emerging markets, where the existence of market imperfections such as asymmetric information, adverse selection and moral hazard can cause financial market failures. Considering the Thai stock market as an example ...

The best of Wilmott

.Vol. 1: Incorporating the quantitative finance review

November 11th 2003 saw a landmark event take place in London. As the first conference designed for quants by quants the Quantitative Finance Review 2003, moved away from the anonymous bazaars that have become the norm, and instead delivered valuable information to market practitioners with ...

Problemas y modelos matemáticos para la administración y dirección de empresas

Tomo II

Este texto contiene una amplia colección de problemas resueltos que están dirigidos a los estudiantes de A.D.E. En el libro abundan las actividades basadas en modelos económicos, y en las mismas se hace un recorrido secuenciado por apartados desde los fundamentos matemáticos que ...

Volatility and correlation

the perfect hedger and the fox

The new edition of Volatility and Correlation has been thoroughly updated and expanded with over 80% new or reworked material, reflecting the changes and developments that have taken place in the field. The new and updated material includes: empirical and theoretical analysis of the smile ...

Spatial econometrics and spatial statistics

The field of spatial econometrics has come to include the methods and models that deal with estimation and testing problems encountered when attempting to implement regional economic models. Those problems are often characterized by the difficulties associated with assessing the importance of spatial dependence and ...

Statistical analysis and data display

an intermediate course with examples in S-Plus,R,and SAS

This contemporary presentation of statistical methods features extensive use of graphical displays for exploring data and for displaying the analysis. The authors demonstrate how to construct and interpret graphs, discuss principles of graphical design, and show how accompanying traditional tabular results are used to confirm ...

Estadística I

probabilidad

Amplio compendio de Cálculo de Probabilidades que recoge con detalle todos los tópicos de la matemática del azar. Se exponen los conceptos de probabilidad, variable aleatoria, funciones de probabilidad, esperanza matemática y varianza, y funciones características y generatriz de momentos, para una y dos variables ...

Estadística descriptiva en ciencias del comportamiento

En este libro se aborda como la Estadística Descriptiva posibilita la extracción de información a partir de los datos disponibles, ya sea mediante el análisis estadístico descriptivo univariante, el bivariante o el multivariante. Por su relevancia, a lo largo de la obra se pretende transmitir ...