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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First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems in the theory of pricing and hedging of financial derivatives. Mathematical finance in one period 1 Arbitrage theory 1. flllmer
First attempt to make it into a text book, and it is almost there. There’s a problem loading this menu right now.
This book is an introduction to financial mathematics. De Gruyter; 3 edition January 28, Language: English Choose a language for shopping. Amazon Restaurants Food delivery from local schhied. AmazonGlobal Ship Orders Internationally. Withoutabox Submit to Film Festivals. It is intended for graduate students in mathematics and for researchers working in academia and industry.
Stochastic Finance, 4th Edition [Book]
This third revised and extended edition now contains more than one hundred exercises. 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.
Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk. Stochastic Finance de Gruyter Textbook. My library Help Advanced Book Search. Apart from covering important areas of current interest, a major aim is to make topics of an interdisciplinary nature accessible to the non-specialist. Alexa Actionable Analytics for the Web. Amazon Music Stream millions of songs.
Get fast, free shipping with Amazon Prime. In addition, it can serve as a guide for lectures and seminars on a graduate level.
If you are a seller for this product, would you like to suggest updates through seller support? The series is devoted to the publication of monographs and high-level textbooks in mathematics, mathematical methods and their applications. Learn more about Amazon Prime. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. 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.
In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework. 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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Stochastic Finance, 4th Edition
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This fourth, newly revised edition contains more than one hundred exercises. Thus, the need to confront the intrinsic risks arising from market incomleteness appears at a very early stage. Customers who viewed this item also viewed. Other editions – View all Stochastic Finance: