Stochastic Calculus for Finance I: The Binomial Asset Pricing Model (Springer Finance) - Softcover

Shreve, Steven

Softcover

ISBN 10: 0387401008 ISBN 13: 9780387401003

Verlag: Springer, 2004

Inhaltsangabe

<P>DEVELOPED FOR THE PROFESSIONAL MASTER'S PROGRAM IN COMPUTATIONAL FINANCE AT CARNEGIE MELLON, THE LEADING FINANCIAL ENGINEERING PROGRAM IN THE U.S.</P> <P></P> <P>HAS BEEN TESTED IN THE CLASSROOM AND REVISED OVER A PERIOD OF SEVERAL YEARS</P> <P>EXERCISES CONCLUDE EVERY CHAPTER; SOME OF THESE EXTEND THE THEORY WHILE OTHERS ARE DRAWN FROM PRACTICAL PROBLEMS IN QUANTITATIVE FINANCE</P>

Über diesen Titel

Críticas:

From the reviews of the first edition: Steven Shrevea (TM)s comprehensive two-volume Stochastic Calculus for Finance may well be the last word, at least for a while, in the flood of Mastera (TM)s level books.... a detailed and authoritative reference for "quantsa (formerly known as "rocket scientistsa ). The books are derived from lecture notes that have been available on the Web for years and that have developed a huge cult following among students, instructors, and practitioners. The key ideaspresented in these works involve the mathematical theory of securities pricing based upon the ideas of classical finance. ...the beauty of mathematics is partly in the fact that it is self-contained and allows us to explore the logical implications of our hypotheses. The material of this volume of Shrevesa (TM)s text is a wonderful display of the use of mathematical probability to derive a large set of results from a small set of assumptions. In summary, this is a well-written text that treats the key classical models of finance through an applied probability approach. It is accessible to a broad audience and has been developed after years of teaching the subject. It should serve as an excellent introduction for anyone studyin the mathematics of the classical theory of finance. -- SIAM, 2005 "This is the first of the two-volume series evolving from the authora (TM)s mathematics courses in M.Sc. Computational Finance program at Carnegie Mellon University (USA). The content of this book is organized such as to give the reader precise statements of results, plausibility arguments, mathematical proofs and, more importantly, the intuitive explanations of the financial andeconomic phenomena. Each chapter concludes with summary of the discussed matter, bibliographic notes, and a set of really useful exercises." (Neculai Curteanu, Zentralblatt MATH, Vol. 1068, 2005) From the reviews of the first edition: Steven Shreve??'s comprehensive two-volume Stochastic Calculus for Finance may well be the last word, at least for a while, in the flood of Master??'s level books.... a detailed and authoritative reference for "quants??? (formerly known as "rocket scientists???). The books are derived from lecture notes that have been available on the Web for years and that have developed a huge cult following among students, instructors, and practitioners. The key ideaspresented in these works involve the mathematical theory of securities pricing based upon the ideas of classical finance. ...the beauty of mathematics is partly in the fact that it is self-contained and allows us to explore the logical implications of our hypotheses. The material of this volume of Shreves??'s text is a wonderful display of the use of mathematical probability to derive a large set of results from a small set of assumptions. In summary, this is a well-written text that treats the key classical models of finance through an applied probability approach. It is accessible to a broad audience and has been developed after years of teaching the subject. It should serve as an excellent introduction for anyone studyin the mathematics of the classical theory of finance. -- SIAM, 2005 "This is the first of the two-volume series evolving from the author??'s mathematics courses in M.Sc. Computational Finance program at Carnegie Mellon University (USA). The content of this book is organized such as to give the reader precise statements of results, plausibility arguments, mathematical proofs and, more importantly, the intuitive explanations of the financial and economic phenomena. Each chapter concludes with summary of the discussed matter, bibliographic notes, and a set of really useful exercises." (Neculai Curteanu, Zentralblatt MATH, Vol. 1068, 2005) Steven Shreves comprehensive two-volume Stochastic Calculus for Finance may well be the last word, at least for a while, in the flood of Masters level books.... a detailed and authoritative reference for quants (formerly known as rocket scientists). The books are derived from lecture notes that have been available on the Web for years and that have developed a huge cult following among students, instructors, and practitioners. The key ideaspresented in these works involve the mathematical theory of securities pricing based upon the ideas of classical finance....the beauty of mathematics is partly in the fact that it is self-contained and allows us to explore the logical implications of our hypotheses. The material of this volume of Shrevess text is a wonderful display of the use of mathematical probability to derive a large set of results from a small set of assumptions. In summary, this is a well-written text that treats the key classical models of finance through an applied probability approach. It is accessible to a broad audience and has been developed after years of teaching the subject. It should serve as an excellent introduction for anyone studyin the mathematics of the classical theory of finance. -- SIAM, 2005

Reseña del editor:

Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S.

Has been tested in the classroom and revised over a period of several years

Exercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance

Über diese Auflage

• Verlag: Springer
• Erscheinungsdatum: 2004
• ISBN 10: 0387401008
• ISBN 13: 9780387401003
• Einband: Tapa blanda
• Anzahl der Seiten: 208