Share

Stochastic Processes with Applications to Finance

2016-04-19 Business & Economics
Download Stochastic Processes with Applications to Finance PDF Online Free

Author :
Release : 2016-04-19
Genre : Business & Economics
Kind : eBook
Book Rating : 846/5 ( reviews)

GET EBOOK


Book Synopsis Stochastic Processes with Applications to Finance by : Masaaki Kijima

Download or read book Stochastic Processes with Applications to Finance written by Masaaki Kijima. This book was released on 2016-04-19. Available in PDF, EPUB and Kindle. Book excerpt: Financial engineering has been proven to be a useful tool for risk management, but using the theory in practice requires a thorough understanding of the risks and ethical standards involved. Stochastic Processes with Applications to Finance, Second Edition presents the mathematical theory of financial engineering using only basic mathematical tools

Stochastic Processes with Applications to Finance, Second Edition

2013-04-18 Business & Economics
Download Stochastic Processes with Applications to Finance, Second Edition PDF Online Free

Author :
Release : 2013-04-18
Genre : Business & Economics
Kind : eBook
Book Rating : 82X/5 ( reviews)

GET EBOOK


Book Synopsis Stochastic Processes with Applications to Finance, Second Edition by : Masaaki Kijima

Download or read book Stochastic Processes with Applications to Finance, Second Edition written by Masaaki Kijima. This book was released on 2013-04-18. Available in PDF, EPUB and Kindle. Book excerpt: Financial engineering has been proven to be a useful tool for risk management, but using the theory in practice requires a thorough understanding of the risks and ethical standards involved. Stochastic Processes with Applications to Finance, Second Edition presents the mathematical theory of financial engineering using only basic mathematical tools that are easy to understand even for those with little mathematical expertise. This second edition covers several important developments in the financial industry. New to the Second Edition A chapter on the change of measures and pricing of insurance products Many examples of the change of measure technique, including its use in asset pricing theory A section on the use of copulas, especially in the pricing of CDOs Two chapters that offer more coverage of interest rate derivatives and credit derivatives Exploring the merge of actuarial science and financial engineering, this edition examines how the pricing of insurance products, such as equity-linked annuities, requires knowledge of asset pricing theory since the equity index can be traded in the market. The book looks at the development of many probability transforms for pricing insurance risks, including the Esscher transform. It also describes how the copula model is used to model the joint distribution of underlying assets. By presenting significant results in discrete processes and showing how to transfer the results to their continuous counterparts, this text imparts an accessible, practical understanding of the subject. It helps readers not only grasp the theory of financial engineering, but also implement the theory in business.

Stochastic Calculus and Financial Applications

2012-12-06 Mathematics
Download Stochastic Calculus and Financial Applications PDF Online Free

Author :
Release : 2012-12-06
Genre : Mathematics
Kind : eBook
Book Rating : 051/5 ( reviews)

GET EBOOK


Book Synopsis Stochastic Calculus and Financial Applications by : J. Michael Steele

Download or read book Stochastic Calculus and Financial Applications written by J. Michael Steele. This book was released on 2012-12-06. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic calculus has important applications to mathematical finance. This book will appeal to practitioners and students who want an elementary introduction to these areas. From the reviews: "As the preface says, ‘This is a text with an attitude, and it is designed to reflect, wherever possible and appropriate, a prejudice for the concrete over the abstract’. This is also reflected in the style of writing which is unusually lively for a mathematics book." --ZENTRALBLATT MATH

Introduction to Stochastic Calculus with Applications

2005 Mathematics
Download Introduction to Stochastic Calculus with Applications PDF Online Free

Author :
Release : 2005
Genre : Mathematics
Kind : eBook
Book Rating : 554/5 ( reviews)

GET EBOOK


Book Synopsis Introduction to Stochastic Calculus with Applications by : Fima C. Klebaner

Download or read book Introduction to Stochastic Calculus with Applications written by Fima C. Klebaner. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a concise treatment of stochastic calculus and its applications. It gives a simple but rigorous treatment of the subject including a range of advanced topics, it is useful for practitioners who use advanced theoretical results. It covers advanced applications, such as models in mathematical finance, biology and engineering.Self-contained and unified in presentation, the book contains many solved examples and exercises. It may be used as a textbook by advanced undergraduates and graduate students in stochastic calculus and financial mathematics. It is also suitable for practitioners who wish to gain an understanding or working knowledge of the subject. For mathematicians, this book could be a first text on stochastic calculus; it is good companion to more advanced texts by a way of examples and exercises. For people from other fields, it provides a way to gain a working knowledge of stochastic calculus. It shows all readers the applications of stochastic calculus methods and takes readers to the technical level required in research and sophisticated modelling.This second edition contains a new chapter on bonds, interest rates and their options. New materials include more worked out examples in all chapters, best estimators, more results on change of time, change of measure, random measures, new results on exotic options, FX options, stochastic and implied volatility, models of the age-dependent branching process and the stochastic Lotka-Volterra model in biology, non-linear filtering in engineering and five new figures.Instructors can obtain slides of the text from the author.

Stochastic Processes, Finance And Control: A Festschrift In Honor Of Robert J Elliott

2012-08-10 Mathematics
Download Stochastic Processes, Finance And Control: A Festschrift In Honor Of Robert J Elliott PDF Online Free

Author :
Release : 2012-08-10
Genre : Mathematics
Kind : eBook
Book Rating : 915/5 ( reviews)

GET EBOOK


Book Synopsis Stochastic Processes, Finance And Control: A Festschrift In Honor Of Robert J Elliott by : Samuel N Cohen

Download or read book Stochastic Processes, Finance And Control: A Festschrift In Honor Of Robert J Elliott written by Samuel N Cohen. This book was released on 2012-08-10. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of a series of new, peer-reviewed papers in stochastic processes, analysis, filtering and control, with particular emphasis on mathematical finance, actuarial science and engineering. Paper contributors include colleagues, collaborators and former students of Robert Elliott, many of whom are world-leading experts and have made fundamental and significant contributions to these areas.This book provides new important insights and results by eminent researchers in the considered areas, which will be of interest to researchers and practitioners. The topics considered will be diverse in applications, and will provide contemporary approaches to the problems considered. The areas considered are rapidly evolving. This volume will contribute to their development, and present the current state-of-the-art stochastic processes, analysis, filtering and control.Contributing authors include: H Albrecher, T Bielecki, F Dufour, M Jeanblanc, I Karatzas, H-H Kuo, A Melnikov, E Platen, G Yin, Q Zhang, C Chiarella, W Fleming, D Madan, R Mamon, J Yan, V Krishnamurthy.

You may also like...