Numerical Methods in Finance and Economics

A MATLAB-Based Introduction

Numerical Methods in Finance and Economics
Paolo Brandimarte, Paolo Brand ...
Locate

My Reading Lists:

Create a new list

Check-In

×Close
Add an optional check-in date. Check-in dates are used to track yearly reading goals.
Today


Buy this book

Last edited by ImportBot
August 22, 2020 | History

Numerical Methods in Finance and Economics

A MATLAB-Based Introduction

A state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications. The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisions. Among this book's most outstanding features is the integration of MATLAB?, which helps students and practitioners solve relevant problems in finance, such as portfolio management and derivatives pricing. This tutorial is useful in connecting theory with practice in the application of classical numerical methods and advanced methods, while illustrating underlying algorithmic concepts in concrete terms. Newly featured in the Second Edition: In-depth treatment of Monte Carlo methods with due attention paid to variance reduction strategies New appendix on AMPL in order to better illustrate the optimization models in Chapters 11 and 12 New chapter on binomial and trinomial lattices Additional treatment of partial differential equations with two space dimensions Expanded treatment within the chapter on financial theory to provide a more thorough background for engineers not familiar with finance New coverage of advanced optimization methods and applications later in the text Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition presents basic treatments and more specialized literature, and it also uses algebraic languages, such as AMPL, to connect the pencil-and-paper statement of an optimization model with its solution by a software library. Offering computational practice in both financial engineering and economics fields, this book equips practitioners with the necessary techniques to measure and manage risk.

Publish Date
Language
English
Pages
696

Buy this book

Previews available in: English

Edition Availability
Cover of: Numerical Methods in Finance and Economics
Numerical Methods in Finance and Economics: A MATLAB-Based Introduction
2013, Wiley & Sons, Incorporated, John
in English
Cover of: Numerical Methods in Finance and Economics
Numerical Methods in Finance and Economics: A MATLAB-Based Introduction
2013, Wiley & Sons, Incorporated, John
in English
Cover of: Numerical Methods in Finance and Economics
Numerical Methods in Finance and Economics
2006, Wiley & Sons Canada, Limited, John
in English
Cover of: Numerical Methods in Finance and Economics
Numerical Methods in Finance and Economics
2006, John Wiley & Sons, Ltd.
Electronic resource in English
Cover of: Numerical Methods in Finance and Economics
Numerical Methods in Finance and Economics: A MATLAB-Based Introduction
2006, Wiley & Sons, Incorporated, John
in English
Cover of: Numerical Methods in Finance and Economics
Numerical Methods in Finance and Economics: A MATLAB-Based Introduction (Statistics in Practice)
October 6, 2006, Wiley-Interscience, Wiley Interscience
in English

Add another edition?

Book Details


Classifications

Library of Congress

ID Numbers

Open Library
OL29150571M
ISBN 13
9781118619056

Source records

Better World Books record

Community Reviews (0)

Feedback?
No community reviews have been submitted for this work.

Lists

This work does not appear on any lists.

History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
August 22, 2020 Created by ImportBot Imported from Better World Books record