An introduction to the mathematics of money

saving and investing

This is an undergraduate textbook on the basic aspects of personal savings and investing with a balanced mix of mathematical rigor and economic intuition. It uses routine financial calculations as the motivation and basis for tools of elementary real analysis rather than taking the latter ...

Matemática financiera utilizando Excel

Este libro desarrolla los conocimientos necesarios para la formación de un estudiante de Ciencias Económicas y de disciplinas afines, como para la gestión de los profesionales y las pequeñas empresas.

The economics of contracts

a primer

The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries. This popular text, revised and updated throughout for the second edition, serves as a concise and rigorous introduction ...

The A-Z of management concepts and models

An A to Z of all the essential concepts and models applied in business and management, from Balanced scorecard and the Boston matrix to Experience curve, Kaizen, McKinsey's 7S model, Market analysis, Porter's generic strategies, Relative cost position, Sustainable development to Yield management ...

Robust libor modelling and pricing of derivative products

Linear factor models in finance

The determination of the values of stocks, bonds, options, futures, and derivatives is done by the scientific process of asset pricing, which has developed dramatically in the last few years due to advances in financial theory and econometrics. This book covers the science of asset ...

Mathematics of financial markets

Recent years have seen a number of introductory texts which focus on the applications of modern stochastic calculus to the theory of finance, and on the pricing models for derivative securities in particular. Some of these books develop the mathematics very quickly, making substantial demands ...

Martingale methods in financial modelling

In the 2nd edition some sections of Part I are omitted for better readability, and a brand new chapter is devoted to volatility risk. As a consequence, hedging of plain-vanilla options and valuation of exotic options are no longer limited to the Black-Scholes framework with ...

Weather derivative valuation

the meteorological, statistical, financial and mathematical foundations

Weather Derivative Valuation is the first book to cover all the meteorological, statistical, financial and mathematical issues that arise in the pricing and risk management of weather derivatives. There are chapters on meteorological data and data cleaning, the modelling and pricing of single weather derivatives ...

Differential information economies

One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide Walrasian type or cooperative ...

Stochastic calculus for finance I

the binomial asset pricing model

This book evolved from the first ten years of the Carnegie Mellon professional Master#s program in Computational Finance. The contents of the book have been used successfully with students whose mathematics background consists of calculus and calculus-based probability. The text gives both precise statements ...

Real optins valuations

the importance of interest rate modeling in theory and practice

This book analyzes real options valuation for non-constant versus constant interest rates using simulation and historical backtesting. Several real options are investigated and combined with various pricing tools and stochastic term structure models. Interest rates for real options valuation are simulated by using stochastic term ...

Valoración de las operaciones financieras

El presente libro pretende servir de manual de texto teórico-práctico de la asignatura Operaciones Financieras, tanto para los alumnos de la Diplomatura en Ciencias Empresariales como para los de la Licenciatura en Administración y Dirección de Empresas. El tratamiento que se les da a los ...

Matemáticas financieras

Esta nueva edición desarrolla los programas académicos de Matemáticas financieras e Ingeniería económica, en once capítulos que han sido reestructurados y actualizados pensando en la dinámica que debe tener todo currículo. Se han ampliado los siguientes capítulos: - Principio de la equivalencia financiera: incluye el tema ...

Default risk in bond and credit derivatives markets

Matemáticas financieras

teoría y ejercicios

Stochastic finance

an introduction in discrete time

Financial markets and martingales

observations on science and speculation

Starting with games of chance, from which probability theory was born, Nicolas Bouleau explains how the financial markets operate, and demonstrates how the application of mathematics has turned finance into a high-tech business, as well as a formidable and efficient tool. The human side of ...

Option theory with stochastic analysis

an introduction to mathematical finance

The objective of this textbook is to provide a very basic and accessible introduction to option pricing, invoking only a minimum of stochastic analysis. Although short, it covers the theory essential to the statistical modeling of stocks, pricing of derivatives (general contingent claims) with martingale ...

Copula methods in finance

The evaluation and risk measurement of portfolios of complex non-linear positions and non-normal risk factors has become a major nightmare for people working in the structured finance business. Dealing with "fat tails" and "smile effects", as well as the typical asymmetric shape of default risk ...