Mathematics for Finance: An Introduction to Financial Engineering
by wowo |
Book Title: Mathematics for Finance: An Introduction to Financial Engineering (Springer Undergraduate Mathematics Series)
Author: Marek Capinski, Tomasz Zastawniak
Publisher: Springer (July 6, 2003)
Paperback: 310 pages
Language: English
ISBN-10: 1852333308
ISBN-13: 978-1852333300
Book Description
Designed to form the basis of an undergraduate course in mathematical finance, this book builds on mathematical models of bond and stock prices and covers three major areas of mathematical finance that all have an enormous impact on the way modern financial markets operate, namely: Black-Scholes’ arbitrage pricing of options and other derivative securities; Markowitz portfolio optimization theory and the Capital Asset Pricing Model; and interest rates and their term structure.
Assuming only a basic knowledge of probability and calculus, it covers the material in a mathematically rigorous and complete way at a level accessible to second or third year undergraduate students. The text is interspersed with a multitude of worked examples and exercises, so it is ideal for self-study and suitable not only for students of mathematics, but also students of business management, finance and economics, and anyone with an interest in finance who needs to understand the underlying theory.
Book Review
“This text is an excellent introduction to Mathematical Finance. Armed with a knowledge of basic calculus and probability a student can use this book to learn about derivatives, interest rates and their term structure and portfolio management. The text serves as an easily understood introduction to the economic concepts but also manages to cover the topics in a mathematically rigorous manner.” –Zentralblatt MATH
“For the most part, the authors employ just pre-calculus and basic probability theory. Almost all concepts are presented in discrete time. Only later in the book is a small account of calculus and linear algebra used. Given these basic tools, it is surprising how high a level of sophistication the authors achieve, covering such topics as arbitrage-free valuation, binomial trees, and risk-neutral valuation… Despite its elementary nature, the book is mathematically VERY formal. This is excellent for clarifying definitions. Notions such as arbitrage or admissible portfolio are indicated with mathematical precision. The result is mathematically elegant and will appeal to students who have a degree of mathematical sophistication.” –www.riskbook.com
Buy the book Mathematics for Finance: An Introduction to Financial Engineering (Springer Undergraduate Mathematics Series) via amazon
Downloads ebook version in PDF | 3.2 Mb | 310 pages
Related posts:
- Japanese in Mangaland: Basic Japanese Course Using Manga Book Title: Japanese in Mangaland: Basic Japanese Course Using Manga Author: Marc Bernabe Publisher: Japan Publications Trading (March 12, 2004) Turtleback: 272 pages Language:...
Tags: books Mathematics for Finance, buy books Mathematics for Finance, download ebooks Mathematics for Finance, ebook downloads Mathematics for Finance, ebooks free Mathematics for Finance, ebooks Mathematics for Finance, free ebooks Mathematics for Finance
