Risk-Neutral Valuation

Covers the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. This book also covers both discrete- and continuous-time stochastic processes with emphasis on martingale theory, stochastic integration and change-of- [...]
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Covers the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. This book also covers both discrete- and continuous-time stochastic processes with emphasis on martingale theory, stochastic integration and change-of-measure techniques.