Stochastic Finance: An Introduction in Discrete Time. Front Cover. Hans Föllmer, Alexander Schied. Walter de Gruyter, – Business & Economics – DOI /s BOOK REVIEW. H. Föllmer, A. Schied: Stochastic finance: an introduction in discrete time. de Gruyter Studies. : Stochastic Finance: An Introduction In Discrete Time 2 (Degruyter Studies in Mathematics) (): Hans Follmer, Alexander Schied.
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Very in depth look at finite methods in finance. First, the probabilistic machinery is simpler, and stohcastic can discuss right away some of the key problems in the theory of pricing and hedging of financial derivatives.
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Apart from covering important areas of current interest, a major aim is to make vinance of an interdisciplinary nature accessible to the non-specialist. View table of contents. In this sense the editorial board and the publisher of the Studies are devoted to continue the Studies as a service to the mathematical community. Dynamic hedging Dynamic arbitrage theory Schked contingent claims Superhedging Efficient hedging Hedging under constraints Minimizing the hedging error Dynamic risk measures.
Share your thoughts with other customers. Discover Prime Book Box for Kids. This fourth, newly revised edition contains more than one hundred exercises. It will be of value for a broad community of students and researchers. Stay ahead with the world’s most comprehensive technology and business learning platform. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule.
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Stochastic Finance, 4th Edition [Book]
Shopbop Designer Fashion Brands. Explore the Home Gift Guide. Second, the paradigm of a complete financial market, schidd all derivatives admit a perfect hedge, becomes the exception rather than the rule.
The focus on stochastic models in discrete time has two immediate benefits. Amazon Renewed Refurbished products with a warranty.
Page 1 of 1 Start over Page 1 of 1. The first part of the book contains a study of a simple one-period model, which also serves as a building block for later developments.
First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems sched the theory of pricing and hedging of financial derivatives. There was a problem filtering reviews right now.
Stochastic Finance, 4th Edition
In addition, it can serve as a guide for lectures and seminars on a graduate level. AmazonGlobal Ship Orders Internationally. Showing of 1 reviews. Dynamic hedging 5 Dynamic arbitrage theory 5. It is intended for graduate students in mathematics and stocjastic researchers working in academia and industry. Get to Know Us. Amazon Inspire Digital Educational Resources. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.
Customers who viewed this item also viewed. Stochastic Finance de Gruyter Textbook. It may serve as basis for graduate courses and be also interesting for those who work in the financial industry and want to get an idea about the mathematical methods of risk assessment. This is the third, revised and extended edition of the classical introduction to the mathematics of finance, based on stochastic models in discrete time.
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It also includes new material on risk measures and the related issue of model uncertainty, in particular a new chapter on dynamic risk measures and new sections on robust utility maximization and on efficient hedging with convex risk measures.
The first part of the follmdr contains a study of a simple one-period model, which also serves as a building block for later developments. This book is an introduction to financial mathematics.