Can I read Option Theory with Stochastic Analysis: An Introduction to Mathematical Finance (Universitext) on EtoBox?

Option Theory with Stochastic Analysis: An Introduction to Mathematical Finance (Universitext) by Fred Espen Benth (auth.) is a nonfiction available to read on EtoBox.

What is Option Theory with Stochastic Analysis: An Introduction to Mathematical Finance (Universitext) about?

The objective of this textbook is to provide a very basic and accessible introduction to option pricing, invoking only a minimum of stochastic analysis. Although short, it covers the theory essential to the statistical modeling of stocks, pricing of derivatives (general contingent claims) with martingale theory, and computational finance including both finite-difference and Monte Carlo methods. The reader is led to an understanding of the assumptions inherent in the Black & Scholes theory, of the main idea behind deriving prices and hedges, and of the use of numerical methods to compute prices for exotic contracts. Finally, incomplete markets are also discussed, with references to different practical/theoretical approaches to pricing problems in such markets. The author's style is compact and to-the-point, requiring of the reader only basic mathematical skills. In contrast to many books addressed to an audience with greater mathematical experience, it can appeal to many practitioners, e.g. in industry, looking for an introduction to this theory without too much detail. It dispenses with introductory chapters summarising the theory of stochastic analysis and processes, leading the r

Who reads Option Theory with Stochastic Analysis: An Introduction to Mathematical Finance (Universitext)?

Author

Fred Espen Benth (auth.)

Publisher

Springer-Verlag Berlin Heidelberg

Published

2004

Language

EN

ISBN

9783540405023

Category

nonfiction

Subjects

Mathematics, Finance, Science