This book explains in simple settings the fundamental ideas of financial market modelling and derivative pricing, using the no-arbitrage principle. Relatively elementary mathematics leads to powerful notions and techniques - such as viability, completeness, self-financing and replicating strategies,[...]
Master the essential mathematical tools required for option pricing within the context of a specific, yet fundamental, pricing model.[...]
Introduces key results essential for financial practitioners by means of concrete examples and a fully rigorous exposition.[...]
As with the first edition, Mathematics for Finance: An Introduction to Financial Engineering combines financial motivation with mathematical style. Assuming only basic knowledge of probability and calculus, it presents three major areas of mathematical finance, namely Option pricing based on the no-[...]
Master the essential mathematical tools required for option pricing within the context of a specific, yet fundamental, pricing model.[...]
An excellent basis for further study. Suitable even for readers with no mathematical background.
Measure, Integral and Probability is a gentle introduction that makes measure and integration theory accessible to the average third-year undergraduate student. The ideas are developed at an easy pace in a form that is suitable for self-study, with an emphasis on clear explanations and concrete exam[...]