Stochastic calculus for finance I
the binomial asset pricing model
- ISBN: 9780387249681
- Editorial: Springer International Publishing AG
- Fecha de la edición: 2005
- Lugar de la edición: New York. Estados Unidos de Norteamérica
- Colección: Springer finance
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 187
- Idiomas: Inglés
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 of results, plausibility arguments, and even some proofs. But more importantly, intuitive explanations, developed and refined through classroom experience with this material, are provided throughout the book. Volume I introduces the fundamental concepts in a discrete-time setting and Volume II builds on this foundation to develop stochastic calculus, martingales, risk-neutral pricing, exotic options, and term structure models, all in continuous time.
