Can I read Stochastic Processes and Financial Mathematics on EtoBox?

Stochastic Processes and Financial Mathematics by Ludger Rüschendorf is a nonfiction available to read on EtoBox.

What is Stochastic Processes and Financial Mathematics about?

The book provides an introduction to advanced topics in stochastic processes and related stochastic analysis, and combines them with a sound presentation of the fundamentals of financial mathematics. It is wide-ranging in content, while at the same time placing much emphasis on good readability, motivation, and explanation of the issues covered. Financial mathematical topics are first introduced in the context of discrete time processes and then transferred to continuous-time models. The basic construction of the stochastic integral and the associated martingale theory provide fundamental methods of the theory of stochastic processes for the construction of suitable stochastic models of financial mathematics, e.g. using stochastic differential equations. Central results of stochastic analysis such as the Itô formula, Girsanov's theorem and martingale representation theorems are of fundamental importance in financial mathematics, e.g. for the risk-neutral valuation formula (Black-Scholes formula) or the question of the hedgeability of options and the completeness of market models. Chapters on the valuation of options in complete and incomplete markets and on the determination of opt

Who reads Stochastic Processes and Financial Mathematics?

Author

Ludger Rüschendorf

Publisher

Springer Berlin / Heidelberg

Published

2023

Language

EN

ISBN

9783662647110

Category

nonfiction

Subjects

Science, Mathematics, Finance