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The Mathematics of Arbitrage

The Mathematics of Arbitrage

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783540219927
Condition
New
Product Description

This book presents a rigorous mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of "no arbitrage". The first part presents a relatively elementary introduction, restricting itself to the case of finite probability spaces. The second part consists of an updated edition of seven original research papers by the authors, which analyzes the topic in the general framework of semi-martingale theory.

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