Introduction to Stochastic Finance

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  • Introduction to Stochastic Finance Book Detail

  • Author : Jia-An Yan
  • Release Date : 2018-10-10
  • Publisher : Springer
  • Genre : Mathematics
  • Pages : 406
  • ISBN 13 : 9811316570
  • File Size : 52,52 MB

Introduction to Stochastic Finance by Jia-An Yan PDF Summary

Book Description: This book gives a systematic introduction to the basic theory of financial mathematics, with an emphasis on applications of martingale methods in pricing and hedging of contingent claims, interest rate term structure models, and expected utility maximization problems. The general theory of static risk measures, basic concepts and results on markets of semimartingale model, and a numeraire-free and original probability based framework for financial markets are also included. The basic theory of probability and Ito's theory of stochastic analysis, as preliminary knowledge, are presented.

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Readership: Undergraduates and researchers in probability and statistics; applied, pure and financial mathematics; economics; chaos.