{"product_id":"stochastic-finance-an-introduction-with-examples-paperback-9781009048941","title":"Stochastic Finance; An Introduction with Examples (Paperback \/ softback) 9781009048941","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eStochastic Finance\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eAn Introduction with Examples\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eA relaxed and user-friendly approach to understanding financial mathematics and the pricing of options with extensive examples and exercises.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eAmanda Turner (Author), Dirk Zeindler (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009048941, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 9 February 2023\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e260 pages\u003cbr\u003e24.7 x 18.9 x 1.3 cm, 0.57 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'This is a rigorous textbook on stochastic finance in which the reader will enjoy the path the authors take while introducing conditional expectations with respect to sigma-algebras, and the sequence of models from the binomial to Black-Scholes. In all, a careful construction of the theory with proofs that are both thorough and readable.' Ludolf E. Meester, Delft University of Technology\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eStochastic Finance provides an introduction to mathematical finance that is unparalleled in its accessibility. Through classroom testing, the authors have identified common pain points for students, and their approach takes great care to help the reader to overcome these difficulties and to foster understanding where comparable texts often do not. Written for advanced undergraduate students, and making use of numerous detailed examples to illustrate key concepts, this text provides all the mathematical foundations necessary to model transactions in the world of finance. A first course in probability is the only necessary background. The book begins with the discrete binomial model and the finite market model, followed by the continuous Black–Scholes model. It studies the pricing of European options by combining financial concepts such as arbitrage and self-financing trading strategies with probabilistic tools such as sigma algebras, martingales and stochastic integration. All these concepts are introduced in a relaxed and user-friendly fashion.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Acknowledgements\u003cbr\u003e Part I. Discrete-Time Models for Finance: 1. Introduction to finance\u003cbr\u003e 2. Discrete probability\u003cbr\u003e 3. Binomial or CRR model\u003cbr\u003e 4. Finite market model\u003cbr\u003e 5. Discrete Black–Scholes model\u003cbr\u003e Part II. Continuous-Time Models for Finance: 6. Continuous probability\u003cbr\u003e 7. Brownian motion\u003cbr\u003e 8. Stochastic integration\u003cbr\u003e 9. The Black–Scholes model\u003cbr\u003e A Supplementary material\u003cbr\u003e Bibliography\u003cbr\u003e Symbol index\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Mathematical modelling [\u003ca title=\"See our other books on Mathematical modelling\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Mathematical%20modelling%20%5BPBWH%5D%22\"\u003ePBWH\u003c\/a\u003e], Finance [\u003ca title=\"See our other books on Finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20%5BKFF%5D%22\"\u003eKFF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46002346787096,"sku":"9781009048941","price":35.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781009048941i.jpg?v=1696791093","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/stochastic-finance-an-introduction-with-examples-paperback-9781009048941","provider":"Freshly Printed Books","version":"1.0","type":"link"}