Stochastic Finance: An Introduction in Discrete Time. Front Cover. Hans Föllmer, Alexander Schied. Walter de Gruyter, – Business & Economics – DOI /s BOOK REVIEW. H. Föllmer, A. Schied: Stochastic finance: an introduction in discrete time. de Gruyter Studies. : Stochastic Finance: An Introduction In Discrete Time 2 (Degruyter Studies in Mathematics) (): Hans Follmer, Alexander Schied.
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Dynamic hedging 5 Dynamic arbitrage theory 5. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. Share your thoughts with other customers.
In this sense the editorial board and the publisher of the Studies are devoted to continue the Studies as a service to the mathematical community.
Amazon Second Chance Pass it on, trade it in, give ifnance a second life. It also includes new material on risk measures and the related issue of model uncertainty, in particular a new chapter on dynamic risk measures and new sections on robust utility maximization and on efficient hedging with convex risk measures.
This book is an introduction to financial mathematics. Customers who viewed this item also viewed.
Stochastic Finance, 4th Edition
There was a problem filtering stochastci right now. The works in this series are addressed to advanced students and researchers in mathematics and theoretical physics. My library Help Advanced Book Search. Due to the strong appeal and wide use of this book, it is now available as a textbook with exercises. The series is devoted to the publication of monographs and high-level textbooks in mathematics, mathematical methods and their applications.
Would you like to tell us about a lower price? First attempt to make it into a text book, and it is almost there. Please submit any book proposals to Niels Jacob. Book Description This book is an introduction to financial mathematics. It is intended for graduate students in mathematics and for researchers working in academia and industry.
George YinQing Zhang No preview available – Topics include the characterization of arbitrage-free markets, preferences on asset profiles, an introduction to equilibrium analysis, and monetary measures of financial risk. English Choose a language for shopping. De Gruyter; 3 edition January 28, Language: While the editorial board of the Studies has changed with the years, the aspirations of the Studies are unchanged. Showing of 1 reviews.
Stochastic Finance, 4th Edition [Book]
Page 1 fjnance 1 Start over Page 1 of 1. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Amazon Inspire Schid Educational Resources. Alexa Actionable Analytics for the Web. Write a customer review. Top Reviews Most recent Top Reviews. In times of rapid growth of mathematical knowledge carefully written monographs and textbooks written by experts are needed more than ever, not least to pave the way for the next generation of mathematicians.
First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems in the fihance of pricing and hedging of financial derivatives. The first part of the book contains a study of a simple one-period model, which also serves as a building block for later developments. Shopbop Designer Fashion Brands. In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework.
Apart from covering important areas of current interest, a major aim is to make topics of an interdisciplinary nature accessible to the non-specialist. Amazon Restaurants Food delivery from local restaurants. Please try again later. This book achied an introduction to financial mathematics.
There’s a problem loading this menu right stochstic. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk. Amazon Renewed Refurbished products with a warranty. Set up a giveaway. The focus on stochastic models in stlchastic time has two immediate benefits. If you are a ofllmer for this product, would stochasstic like to suggest updates through seller support? This third revised and extended edition now contains more than one hundred exercises.
Learn more about Amazon Giveaway. It may serve as basis for graduate courses and be also interesting for those who work in the financial industry and want to get an idea about the mathematical methods of risk assessment. An Introduction in Discrete Time. Amazon Advertising Find, attract, and engage customers. It will be of value for a broad community of students and researchers. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule.
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ComiXology Thousands of Digital Comics. Dynamic hedging Dynamic arbitrage theory American contingent claims Superhedging Efficient hedging Hedging under constraints Minimizing the hedging error Dynamic risk measures.
Withoutabox Submit to Film Festivals. The focus on stochastic models in discrete time has two immediate benefits.