Risk-Neutral Valuation
Kiesel, Rüdiger / Bingham, Nicholas H.![Risk-Neutral Valuation](https://support.digitalhusky.com/media/annotations/sorted/890/8905998/CHSBZCOP038905998.jpg)
This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measur...