Stochastic Finance: An Introduction in Discrete Time 4th REV. ed. Edition by Hans Follmer, Alexander Schied
Requirements: .ePUB reader, 39.3 MB
Overview: This book is an introduction to financial mathematics. It is intended for graduate students in mathematics and for researchers working in academia and industry.
The focus on stochastic models in discrete time has two immediate benefits. 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. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. Thus, the need to confront the intrinsic risks arising from market incomleteness appears at a very early stage.
Genre: Non-Fiction > General

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Requirements: .ePUB reader, 39.3 MB
Overview: This book is an introduction to financial mathematics. It is intended for graduate students in mathematics and for researchers working in academia and industry.
The focus on stochastic models in discrete time has two immediate benefits. 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. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. Thus, the need to confront the intrinsic risks arising from market incomleteness appears at a very early stage.
Genre: Non-Fiction > General
Download Instructions:
https://userupload.net/ayksy2fdth74
https://rapidgator.net/file/138a95fa2a7 ... .epub.html
Trouble downloading? Read This.
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