MARC Record from harvard_bibliographic_metadata

LEADER: 02950nam a22004098a 4500
001 009196717-1
005 20131119022817.0
008 021113s2003 maua b 001 0 eng
010 $a 2002038467
016 7 $a965562263$2GyFmDB
020 $a3764369213 (alk. paper)
020 $a0817669213 (alk. paper)
035 0 $aocm51203345
040 $aDLC$cDLC$dOHX
042 $apcc
050 00 $aHG4515.3$b.K63 2002
072 7 $aHG$2lcco
082 00 $a332.6/01/519$221
090 $aHG4515.3$b.K63 2003
100 1 $aKoch Medina, P.$q(Pablo)
245 10 $aMathematical finance and probability :$ba discrete introduction /$cPablo Koch Medina, Sandro Merino.
260 $aBoston, MA :$bBirkhauser Verlag,$cc2003.
263 $a0212
300 $aviii, 328 p. :$bsome ill. ;$c24 cm.
504 $aIncludes bibliographical references and index.
505 0 $aIntroduction -- A Short Primer on Finance -- Positive Linear Functionals -- Finite Probability Spaces -- Random Variables -- General One.-period Models -- Information and Randomness -- Independence -- Multi.-period models: The Main Issues -- Conditioning and Martingales -- The Fundamental Theorems of Asset Pricing -- The Cos.-Ross.-Rubinstein Model -- The Central Limit Theorem -- The Black Scholes Formula -- Optimal Stopping -- American Claims.
520 $aThe objective of this book is to give a self-contained presentation to the theory underlying the valuation of derivative financial instruments, which is becoming a standard part of the toolbox of professionals in the financial industry. Although a complete derivation of the Black-Scholes option pricing formula is given, the focus is on finite-time models. Not going for the greatest possible level of generality is greatly rewarded by a greater insight into the underlying economic ideas, putting the reader in an excellent position to proceed to the more general continuous-time theory. The material will be accessible to students and practitioners having a working knowledge of linear algebra and calculus. All additional material is developed from the very beginning as needed. In particular, the book also offers an introduction to modern probability theory, albeit mostly within the context of finite sample spaces. The style of presentation will appeal to financial economics students seeking an elementary but rigorous introduction to the subject; mathematics and physics students looking for an opportunity to become acquainted with this modern applied topic; and mathematicians, physicists or quantitatively inclined economists working in the financial industry.
650 0 $aInvestments$xMathematics.
650 0 $aInvestments$xMathematical models.
650 0 $aProbabilities.
650 0 $aSecurities$xMathematical models.
650 0 $aMathematics.
650 0 $aFinance.
650 0 $aDistribution (Probability theory).
700 1 $aMerino, Sandro,$d1964-
988 $a20030920
906 $0DLC