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The Mathematics of Arbitrage
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The Mathematics of Arbitrage

1st ed. 2006. 2nd printing 2008

Book Details

Format Hardback or Cased Book
Book Series Springer Finance
ISBN-10 3540219927
ISBN-13 9783540219927
Edition 1st ed. 2006. 2nd printing 2008
Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Country of Manufacture GB
Country of Publication GB
Publication Date Dec 16th, 2005
Print length 371 Pages
Weight 744 grams
Dimensions 24.00 x 16.60 x 2.80 cms
Ksh 19,800.00
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Presents a mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of no arbitrage. This title consists of seven papers, which analyzes the topic in the general framework of semi-martingale theory.

Proof of the "Fundamental Theorem of Asset Pricing" in its general form by Delbaen and Schachermayer was a milestone in the history of modern mathematical finance and now forms the cornerstone of this book.

Puts into book format a series of major results due mostly to the authors of this book.

Embeds highest-level research results into a treatment amenable to graduate students, with introductory, explanatory background.

Awaited in the quantitative finance community.


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