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Introduction to Stochastic Finance

Introduction to Stochastic Finance

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9789811316562
Condition
New
Product Description

This book gives a systematic introduction to the basic theory of financial mathematics, with an emphasis on applications of martingale methods in pricing and hedging of contingent claims, interest rate term structure models, and expected utility maximization problems. The general theory of static risk measures, basic concepts and results on markets of semimartingale model, and a numeraire-free and original probability based framework for financial markets are also included. The basic theory of probability and Ito's theory of stochastic analysis, as preliminary knowledge, are presented.

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