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Stochastic Finance: An Introduction with Examples

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£87.45 £78.14 £80.17 £82.20 £84.24 £86.27 £88.30 01 November 2024 18 February 2025 07 June 2025 24 September 2025 12 January 2026

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30 days 151 days 21 days 6 days 197 days · current 3 days 8 days 22 days 0 49 99 148 197 £79 £80 £81 £82 £83 £84 £85 £87 Days at Price

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Price range: £79 - £87

Price levels: 8 different prices over 438 days

Description

Stochastic Finance provides an introduction to mathematical finance that is unparalleled in its accessibility. Through classroom testing, the authors have identified common pain points for students, and their approach takes great care to help the reader to overcome these difficulties and to foster understanding where comparable texts often do not. Written for advanced undergraduate students, and making use of numerous detailed examples to illustrate key concepts, this text provides all the mathematical foundations necessary to model transactions in the world of finance. A first course in probability is the only necessary background. The book begins with the discrete binomial model and the finite market model, followed by the continuous Black–Scholes model. It studies the pricing of European options by combining financial concepts such as arbitrage and self-financing trading strategies with probabilistic tools such as sigma algebras, martingales and stochastic integration. All these concepts are introduced in a relaxed and user-friendly fashion.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
09 February 2023
Listed Since
24 September 2022

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