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Derivative Pricing in Discrete Time (Springer Undergraduate Mathematics Series) by Nigel J. Cutland, Alet Roux is a nonfiction available to read on EtoBox.

What is Derivative Pricing in Discrete Time (Springer Undergraduate Mathematics Series) about?

Derivatives are financial entities whose value is derived from the value of other more concrete assets such as stocks and commodities. They are an important ingredient of modern financial markets. This book provides an introduction to the mathematical modelling of real world financial markets and the rational pricing of derivatives, which is part of the theory that not only underpins modern financial practice but is a thriving area of mathematical research. The central theme is the question of how to find a fair price for a derivative; defined to be a price at which it is not possible for any trader to make a risk free profit by trading in the derivative. To keep the mathematics as simple as possible, while explaining the basic principles, only discrete time models with a finite number of possible future scenarios are considered. The theory examines the simplest possible financial model having only one time step, where many of the fundamental ideas occur, and are easily understood. Proceeding slowly, the theory progresses to more realistic models with several stocks and multiple time steps, and includes a comprehensive treatment of incomplete models. The emphasis throughout is on c

Who reads Derivative Pricing in Discrete Time (Springer Undergraduate Mathematics Series)?

Author

Nigel J. Cutland, Alet Roux

Publisher

Springer Science & Business Media

Published

2012

Language

EN

ISBN

9781447144083

Category

nonfiction

Subjects

Finance, Mathematics, Economics