Mathematics of Financial Markets
Elliott, Robert J / Kopp, P Ekkehard![Mathematics of Financial Markets](https://support.digitalhusky.com/media/annotations/sorted/865/8651736/CHSBZCOP038651736.jpg)
This book presents the mathematics that underpins pricing models for derivative securities, such as options, futures and swaps, in modern financial markets. The idealized continuous-time models built upon the famous Black-Scholes theory require sophisticated mathematical tools drawn from modern stochastic calculus. However, many of the underlying ideas can be explained more simply within a discrete-time framework. This is developed extensively...