Download App
>> | LShop | >> | Book | >> | Economics, Finance, ... | >> | Finance & Accounting | >> | Introduction To Opti... |
ISBN
:
9780817641085
Publisher
:
Birkhýuser
Subject
:
Finance & Accounting, Mathematics
Binding
:
HARDCOVER
Pages
:
268
Year
:
1999
₹
12794.0
₹
12282.0
Buy Now
Shipping charges are applicable for books below Rs. 101.0
View Details(Imported Edition) Estimated Shipping Time : 25-28 Business Days
View DetailsDescription
Since the appearance of seminal works by R. Merton, and F. Black and M. Scholes, stochastic processes have assumed an increasingly important role in the development of the mathematical theory of finance. This work examines, in some detail, that part of stochastic finance pertaining to option pricingtheory. Thus the exposition is confined to areas of stochastic finance that are relevant to the theory, omitting such topics as futures and term-structure. This self-contained work begins with five introductory chapters on stochastic analysis, making it accessible to readers with little or no prior knowledge of stochastic processes or stochastic analysis. These chapters cover the essentials of Ito's theory of stochastic integration, integration with respect to semimartingales, Girsanov's Theorem, and a brief introduction to stochastic differential equations. Subsequent chapters treat more specialized topics, including option pricing in discrete time, continuous time trading, arbitrage, complete markets, European options (Black and Scholes Theory), American options, Russian options, discrete approximations, and asset pricing with stochastic volatility. In several chapters, new results are presented. A unique feature of the book is its emphasis on arbitrage, in particular, the relationship between arbitrage and equivalent martingale measures (EMM), and the derivation of necessary and sufficient conditions for no arbitrage (NA). {\it Introduction to Option Pricing Theory} is intended for students and researchers in statistics, applied mathematics, business, or economics, who have a background in measuretheory and have completed probability theory at the intermediate level. The work lends itself to self-study, as well as to a one-semester course at the graduate level.
Related Items
-
of
Facilitating Innovation in the Federal Statistical System: Summary of a Workshop
National Research Council
Starts At
1861.0
2046.0
9% OFF
Statistical Data Analysis: A Practical Guide (Woodhead Publishing India)
Milan Meloun
Starts At
3559.0
4395.0
19% OFF
Statistics for textile and apparel management (Woodhead Publishing India)
J Hayavadana
Starts At
1675.0
2295.0
27% OFF
Representations of Nilpotent Lie Groups and their Applications: Volume 1, Part 1, Basic Theory and Examples (Cambridge Studies in Advanced Mathematics)
Laurence Corwin
Starts At
5032.0
5852.0
14% OFF
Some Random Series of Functions (Cambridge Studies in Advanced Mathematics)
Jean-Pierre Kahane
Starts At
3202.0
3724.0
14% OFF
An Introduction To Probability Theory And Its Applications
William Feller
Starts At
597.0
679.0
12% OFF