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Pe YEO găsești Financial Calculus - Martin Baxter de la Martin Baxter, în categoria Economics, Finance, Industry.
Indiferent de nevoile tale, Financial Calculus - Martin Baxter din categoria Economics, Finance, Industry îți poate aduce un echilibru perfect între calitate și preț, cu avantaje practice și moderne.
Preț: 543.86 Lei
Caracteristicile produsului Financial Calculus - Martin Baxter
- Brand: Martin Baxter
- Categoria: Economics, Finance, Industry
- Magazin: libris.ro
- Ultima actualizare: 25-10-2024 01:12:27
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Descriere magazin:
The rewards and dangers of speculating in the modern financial markets have come to the fore in recent times with the collapse of banks and bankruptcies of public corporations as a direct result of ill-judged investment. At the same time, individuals are paid huge sums to use their mathematical skills to make well-judged investment decisions. Here now is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model are described with mathematical precision in a style tailored for market practitioners. Starting from discrete-time hedging on binary trees, continuous-time stock models (including Black-Scholes) are developed. Practicalities are stressed, including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. A full glossary of probabilistic and financial terms is provided. This unique book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders.