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Elementary Calculus of Financial Mathematics
Elementary Calculus of Financial Mathematics
Elementary Calculus of Financial Mathematics

Elementary Calculus of Financial Mathematics

475 kr.

475 kr.

På lager

Tors., 1 maj - ons., 7 maj


Sikker betaling

14 dages åbent køb


Sælges og leveres af

Adlibris


Produktbeskrivelse

Modern financial mathematics relies on the theory of random processes in time, reflecting the erratic fluctuations in financial markets.This book introduces the fascinating area of financial mathematics and its calculus in an accessible manner geared toward undergraduate students. Using little high-level mathematics, the author presents the basic methods for evaluating financial options and building financial simulations. By emphasizing relevant applications and illustrating concepts with colour graphics, Elementary Calculus of Financial Mathematics presents the crucial concepts needed to understand financial options among these fluctuations. Among the topics covered are the binomial lattice model for evaluating financial options, the Black-Scholes and Fokker-Planck equations, and the interpretation of Ito's formula in financial applications. Each chapter includes exercises for student practice and the appendices offer MATLAB(R) and SCILAB code as well as alternate proofs of the Fokker-Planck equation and Kolmogorov backward equation.

Varenr.

37c72472-9abd-43b1-8daa-e6836dbef801

Elementary Calculus of Financial Mathematics

475 kr.

475 kr.

På lager

Tors., 1 maj - ons., 7 maj


Sikker betaling

14 dages åbent køb


Sælges og leveres af

Adlibris