Stochastic Finance: A Numeraire Approach (Chapman and Hall/CRC Financial Mathematics Series) - Image 1

£190.00

CRC Press Stochastic Finance: A Numeraire Approach (Chapman and Hall/CRC Financial Mathematics Series)

Name: Stochastic Finance: A Numeraire Approach (Chapman and Hall/CRC Financial Mathematics Series)
Brand: CRC Press
Price: 190.0 GBP
Availability: InStock

Econometrics

It has never been this cheap. We have no record of a lower price.

£190 today · cheaper than every other day in the last 24 months

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 594 days • 594 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 594 days • 3 price levels

Days at Price

Current Price

Price Analysis

Most common price: £190 (559 days, 94.1%)

Price range: £190 - £339

Price levels: 3 different prices over 594 days

Description

Unlike much of the existing literature, Stochastic Finance: A Numeraire Approach treats price as a number of units of one asset needed for an acquisition of a unit of another asset instead of expressing prices in dollar terms exclusively. This numeraire approach leads to simpler pricing options for complex products, such as barrier, lookback, quanto, and Asian options. Most of the ideas presented rely on intuition and basic principles, rather than technical computations. The first chapter of the book introduces basic concepts of finance, including price, no arbitrage, portfolio, financial contracts, the First Fundamental Theorem of Asset Pricing, and the change of numeraire formula. Subsequent chapters apply these general principles to three kinds of models: binomial, diffusion, and jump models. The author uses the binomial model to illustrate the relativity of the reference asset. In continuous time, he covers both diffusion and jump models in the evolution of price processes. The book also describes term structure models and numerous options, including European, barrier, lookback, quanto, American, and Asian. Classroom-tested at Columbia University to graduate students, Wall Street professionals, and aspiring quants, this text provides a deep understanding of derivative contracts. It will help a variety of readers from the dynamic world of finance, from practitioners who want to expand their knowledge of stochastic finance, to students who want to succeed as professionals in the field, to academics who want to explore relatively advanced techniques of the numeraire change.

Product Specifications

Brand: CRC Press
Format: hardcover
ASIN: 1439812500
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 06 January 2011
Listed Since: 12 June 2009

Barcode

No barcode data available

CRC Press Stochastic Finance: A Numeraire Approach (Chapman and Hall/CRC Financial Mathematics Series)

It has never been this cheap. We have no record of a lower price.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Stochastic Financial Models (Chapman and Hall/CRC Financial Mathematics Series)

Introduction to Stochastic Finance with Market Examples (Chapman and Hall/CRC Financial Mathematics Series)

Introduction to Stochastic Calculus Applied to Finance (Chapman and Hall/CRC Financial Mathematics Series)

Arbitrage Theory In Discrete And Continuous Time

Measure, Probability, and Mathematical Finance: A Problem-Oriented Approach

Introduction to Stochastic Calculus Applied to Finance (Chapman and Hall/CRC Financial Mathematics Series)

Financial Mathematics: A Comprehensive Treatment in Discrete Time (Chapman and Hall/CRC Financial Mathematics Series)

A Factor Model Approach to Derivative Pricing

Deterministic And Stochastic Topics In Computational Finance

Derivative Security Pricing: Techniques, Methods and Applications: 21 (Dynamic Modeling and Econometrics in Economics and Finance, 21)

Derivative Security Pricing: Techniques, Methods and Applications: 21 (Dynamic Modeling and Econometrics in Economics and Finance, 21)

Paul Wilmott on Quantitative Finance 2nd Edition

The Mathematics of Finance: Modeling and Hedging (Pure and Applied Undergraduate Texts)

Undergraduate Introduction To Financial Mathematics, An (fourth Edition): 4th Edition

Computation and Simulation for Finance: An Introduction with Python (Springer Undergraduate Texts in Mathematics and Technology)

Stochastic Calculus for Quantitative Finance: Stochastic Calculus for Finance

American-Style Derivatives: Valuation and Computation (Chapman and Hall/CRC Financial Mathematics Series)

Dynamic Asset Pricing Theory Third Edition (Princeton Series in Finance)

Mathematical Methods and Quantum Mathematics for Economics and Finance

Problems and Solutions in Mathematical Finance, Volume 2: Equity Derivatives (The Wiley Finance Series)

Mathematical Methods and Quantum Mathematics for Economics and Finance

Analytical Finance: Volume I: The Mathematics of Equity Derivatives, Markets, Risk and Valuation: 1

Stochastic Processes and Financial Mathematics: 1 (Mathematics Study Resources, 1)

Mathematical Finance: Core Theory, Problems and Statistical Algorithms (Routledge Advanced Texts in Economics and Finance)