Risk Neutral Pricing and Financial Mathematics: A Primer

An Introduction to Financial Modeling and Mathematics provides a foundation to financial mathematics for those whose undergraduate quantitative preparation does not extend beyond calculus, statistics, and linear math. It covers a broad range of foundation topics related to financial modeling, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, and term structure models, along with related valuation and hedging techniques. The joint effort of two authors with a combined 70 years of academic and practitioner experience, An Introduction to Financial Modeling and Mathematics takes a reader from learning the basics of beginning probability, with a refresher on differential calculus, all the way to Doob-Meyer, Ito, Girsanov, and SDEs. It can also serve as a useful resource for actuaries preparing for Exams FM and MFE (Society of Actuaries) and Exams 2 and 3F (Casualty Actuarial Society). Includes more subjects than other books, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, term structure models, valuation, and hedging techniquesEmphasizes introductory financial engineering, financial modeling, and financial mathematicsSuited for corporate training programs and professional association certification programs INDICE: Introduction and OverviewProbability and RiskDiscrete Time and State ModelsContinuous Time and State ModelsAn Introduction to Stochastic Processes and ApplicationsFundamentals of Stochastic Calculus and Black-ScholesFurther Applications of Black-ScholesMean-Reverting Processes

• ISBN: 978-0-12-801534-6
• Editorial: Elsevier
• Encuadernacion: Rústica
• Páginas: 325
• Fecha Publicación: 12/06/2015
• Nº Volúmenes: 1
• Idioma: Inglés