The Art of Quantitative Finance Vol.1

Beschreibung

This textbook offers an easily understandable introduction to the fundamental concepts of financial mathematics and financial engineering. The author presents and discusses the basic concepts of financial engineering and illustrates how to trade and to analyze financial products with numerous examples. Special attention is given to the valuation of basic financial derivatives. In the final section of the book, the author introduces the Wiener Stock Price Model and the basic principles of Black-Scholes theory. The book’s aim is to introduce readers to the basic techniques of modern financial mathematics in a way that is intuitive and easy to follow, and to provide financial mathematicians with insights into practical requirements when applying financial mathematical techniques in the real world. 
This textbook offers an easily understandable introduction to the fundamental concepts of financial mathematics and financial engineering. The author presents and discusses the basic concepts of financial engineering and illustrates how to trade and to analyze financial products with numerous examples. Special attention is given to the valuation of basic financial derivatives. In the final section of the book, the author introduces the Wiener Stock Price Model and the basic principles of Black-Scholes theory. The book’s aim is to introduce readers to the basic techniques of modern financial mathematics in a way that is intuitive and easy to follow, and to provide financial mathematicians with insights into practical requirements when applying financial mathematical techniques in the real world. 
Provides the theoretical foundations of financial mathematics Presents the basic concepts of derivatives and trading strategies Discusses the Wiener Stock Price Model and the Black-Scholes theory

Autor*in

Gerhard Larcher

Themen in »The Art of Quantitative Finance Vol.1«

Black-Scholes-Merton Derivates Wiener Stock Price Model Volatilities Stochastic Analysis Risk Measurement Credit Risk Management Optimal Investment Interest Rates Financial Mathematics Number Theory

Stimmen zu »The Art of Quantitative Finance Vol.1«

“The book is very complete, didactic, with many examples, with very illustrative graphs, and nicely edited. I have no doubt that reading it can be very profitable for students and teachers of both economics and business administration … . The book very elegantly maintains the difficult balance between theory and practice. I, as a mathematician and researcher on stochastic finance … consider that the book is very interesting, recommendable … .” (Josep Vives, zbMATH 1532.91001, 2024)

Details

Link teilen