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-measure techniques. Based on firm probabilistic foundations, general properties of discrete- and continuous-time financial market models are discussed.
Lieferbar
ISBN | 9781852334581 |
---|---|
Sprache | eng |
Cover | Fester Einband |
Verlag | Springer London |
Jahr | 20040616 |
Dieser Artikel hat noch keine Bewertungen.