Stochastic Analysis for Finance with Simulations

Name: Stochastic Analysis for Finance with Simulations
Brand: Springer International Publishing AG
SKU: 9783319255873
Price: 12600 KES
Availability: InStock
ISBN: 9783319255873

1st ed. 2016

by Geon Ho Choe

Book Details

Format Paperback / softback

Book Series Universitext

ISBN-10 3319255878

ISBN-13 9783319255873

Edition 1st ed. 2016

Publisher Springer International Publishing AG

Imprint Springer International Publishing AG

Country of Manufacture CH

Country of Publication GB

Publication Date Jul 22nd, 2016

Print length 657 Pages

Weight 1,012 grams

Dimensions 16.00 x 23.90 x 4.00 cms

Product Classification: Finance Finance and the finance industry Stochastics

KSh 12,600.00

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This book is an introduction to stochastic analysis and quantitative finance; Stochastic Analysis for Finance with Simulations is designed for readers who want to have a deeper understanding of the delicate theory of quantitative finance by doing computer simulations in addition to theoretical study.

This book is an introduction to stochastic analysis and quantitative finance; it includes both theoretical and computational methods. Topics covered are stochastic calculus, option pricing, optimal portfolio investment, and interest rate models. Also included are simulations of stochastic phenomena, numerical solutions of the Black-Scholes-Merton equation, Monte Carlo methods, and time series. Basic measure theory is used as a tool to describe probabilistic phenomena.

The level of familiarity with computer programming is kept to a minimum. To make the book accessible to a wider audience, some background mathematical facts are included in the first part of the book and also in the appendices. This work attempts to bridge the gap between mathematics and finance by using diagrams, graphs and simulations in addition to rigorous theoretical exposition. Simulations are not only used as the computational method in quantitative finance, but they can also facilitate an intuitive and deeper understanding of theoretical concepts.

Stochastic Analysis for Finance with Simulations is designed for readers who want to have a deeper understanding of the delicate theory of quantitative finance by doing computer simulations in addition to theoretical study. It will particularly appeal to advanced undergraduate and graduate students in mathematics and business, but not excluding practitioners in finance industry.

Get Stochastic Analysis for Finance with Simulations by Geon Ho Choe at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Springer International Publishing AG and it has 657 pages.