{"product_id":"the-concepts-and-practice-of-mathematical-finance-hardback-9780521514088","title":"The Concepts and Practice of Mathematical Finance (Hardback) 9780521514088","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Concepts and Practice of Mathematical Finance\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThe second edition of a successful text providing the working knowledge needed to become a good quantitative analyst.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMark S. Joshi (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521514088, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 30 October 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e558 pages, 202 exercises\u003cbr\u003e24.9 x 17 x 3 cm, 1.22 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'The set-up of this book certainly meets the needs of the audience for whom this book is written. Moreover, the author brings the material in a very comprehensive way leading to new or better insights in several aspects of the material. An innovation is that besides worked out examples and exercises, a list of computer projects are included which encourage the reader to implement the models. This certainly adds to the learning process.'  Kwantitatieve Methoden\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eAn ideal introduction for those starting out as practitioners of mathematical finance, this book provides a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice. Strengths and weaknesses of different models, e.g. Black–Scholes, stochastic volatility, jump-diffusion and variance gamma, are examined. Both the theory and the implementation of the industry-standard LIBOR market model are considered in detail. Each pricing problem is approached using multiple techniques including the well-known PDE and martingale approaches. This second edition contains many more worked examples and over 200 exercises with detailed solutions. Extensive appendices provide a guide to jargon, a recap of the elements of probability theory, and a collection of computer projects. The author brings to this book a blend of practical experience and rigorous mathematical background and supplies here the working knowledge needed to become a good quantitative analyst.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Acknowledgements\u003cbr\u003e 1. Risk\u003cbr\u003e 2. Pricing methodologies and arbitrage\u003cbr\u003e 3. Trees and option pricing\u003cbr\u003e 4. Practicalities\u003cbr\u003e 5. The Ito calculus\u003cbr\u003e 6. Risk neutrality and martingale measures\u003cbr\u003e 7. The practical pricing of a European option\u003cbr\u003e 8. Continuous barrier options\u003cbr\u003e 9. Multi-look exotic options\u003cbr\u003e 10. Static replication\u003cbr\u003e 11. Multiple sources of risk\u003cbr\u003e 12. Options with early exercise features\u003cbr\u003e 13. Interest rate derivatives\u003cbr\u003e 14. The pricing of exotic interest rate derivatives\u003cbr\u003e 15. Incomplete markets and jump-diffusion processes\u003cbr\u003e 16. Stochastic volatility\u003cbr\u003e 17. Variance gamma models\u003cbr\u003e 18. Smile dynamics and the pricing of exotic options\u003cbr\u003e Appendix A. Financial and mathematical jargon\u003cbr\u003e Appendix B. Computer projects\u003cbr\u003e Appendix C. Elements of probability theory\u003cbr\u003e Appendix D. Hints and answers to exercises\u003cbr\u003e Bibliography\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Probability \u0026amp; statistics [\u003ca title=\"See our other books on Probability \u0026amp; statistics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Probability%20\u0026amp;%20statistics%20%5BPBT%5D%22\"\u003ePBT\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":46019727982872,"sku":"9780521514088","price":61.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521514088i_15b554d1-6b1c-48f8-aef7-ae68c1e8c35b.jpg?v=1691383346","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-concepts-and-practice-of-mathematical-finance-hardback-9780521514088","provider":"Freshly Printed Books","version":"1.0","type":"link"}