Introduction to Financial Mathematics

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  • Author : Kevin J. Hastings
  • Publisher : CRC Press
  • Pages : 407 pages
  • ISBN : 1498723918
  • Rating : /5 from reviews
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Download or Read online Introduction to Financial Mathematics full in PDF, ePub and kindle. this book written by Kevin J. Hastings and published by CRC Press which was released on 28 October 2015 with total page 407 pages. We cannot guarantee that Introduction to Financial Mathematics book is available in the library, click Get Book button and read full online book in your kindle, tablet, IPAD, PC or mobile whenever and wherever You Like. Introduction to Financial Mathematics is ideal for an introductory undergraduate course. Unlike most textbooks aimed at more advanced courses, the text motivates students through a discussion of personal finances and portfolio management. The author then goes on to cover valuation of financial derivatives in discrete time, using all of closed form, recursive, and simulation methods. The text covers nearly all of the syllabus topics of the Financial Mathematics Actuarial examination, providing students with the foundation they require for future studies and throughout their careers. It begins by covering standard material on the mathematics of interest, including compound interest, present value, annuities, loans, several versions of the rate of return on an investment, and interest in continuous time. The text explains how to value bonds at their issue dates, at coupon times, between coupon times, and in cases where the bonds are terminated early. Next, it supplies a rapid-fire overview of the main ideas and techniques of discrete probability, including sample spaces and probability measures, random variables and distributions, expectation, conditional probability, and independence. The author introduces the basic terminology of stocks and stock trading. He also explains how to derive the rate of return on a portfolio and how to use the idea of risk aversion to model the investor tradeoff between risk and return. The text also discusses the estimation of parameters of asset models from real data. The text closes with a detailed discussion of how to value financial derivatives using anti-arbitrage assumptions. The one-step and multi-step cases are covered, and exotic options such as barrier options are also introduced, to which simulation methods are applied. Many of the examples in the book involve numerical solution of complicated non-linear equations; others ask students to produce algorithms which beg to be implemented as programs. For maximum flexibility, the author has produced the text without adhering to any particular computational platform. A digital version of this text is also available in the form of Mathematica notebooks that contain additional content.

Introduction to Financial Mathematics

Introduction to Financial Mathematics
  • Author : Kevin J. Hastings
  • Publisher : CRC Press
  • Release : 28 October 2015
GET THIS BOOK Introduction to Financial Mathematics

Introduction to Financial Mathematics is ideal for an introductory undergraduate course. Unlike most textbooks aimed at more advanced courses, the text motivates students through a discussion of personal finances and portfolio management. The author then goes on to cover valuation of financial derivatives in discrete time, using all of closed form, recursive, and simulation methods. The text covers nearly all of the syllabus topics of the Financial Mathematics Actuarial examination, providing students with the foundation they require for future studies

An Undergraduate Introduction to Financial Mathematics

An Undergraduate Introduction to Financial Mathematics
  • Author : J. Robert Buchanan
  • Publisher : World Scientific Publishing Company Incorporated
  • Release : 18 September 2021
GET THIS BOOK An Undergraduate Introduction to Financial Mathematics

This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three- or four-semester sequence of calculus courses. It introduces the theory of interest, discrete and continuous random variables and probability, stochastic processes, linear programming, the Fundamental Theorem of Finance, option pricing, hedging, and portfolio optimization. This third edition expands on the second by including a new chapter on the extensions of the Black-Scholes model of option pricing and a greater number of

Financial Mathematics

Financial Mathematics
  • Author : Andrea Pascucci,Wolfgang J. Runggaldier
  • Publisher : Springer Science & Business Media
  • Release : 05 April 2012
GET THIS BOOK Financial Mathematics

With the Bologna Accords a bachelor-master-doctor curriculum has been introduced in various countries with the intention that students may enter the job market already at the bachelor level. Since financial Institutions provide non negligible job opportunities also for mathematicians, and scientists in general, it appeared to be appropriate to have a financial mathematics course already at the bachelor level in mathematics. Most mathematical techniques in use in financial mathematics are related to continuous time models and require thus notions from

Financial Mathematics

Financial Mathematics
  • Author : Yuliya Mishura
  • Publisher : Elsevier
  • Release : 01 February 2016
GET THIS BOOK Financial Mathematics

Finance Mathematics is devoted to financial markets both with discrete and continuous time, exploring how to make the transition from discrete to continuous time in option pricing. This book features a detailed dynamic model of financial markets with discrete time, for application in real-world environments, along with Martingale measures and martingale criterion and the proven absence of arbitrage. With a focus on portfolio optimization, fair pricing, investment risk, and self-finance, the authors provide numerical methods for solutions and practical financial

Financial Mathematics Derivatives and Structured Products

Financial Mathematics  Derivatives and Structured Products
  • Author : Raymond H. Chan,Yves ZY. Guo,Spike T. Lee,Xun Li
  • Publisher : Springer
  • Release : 07 March 2019
GET THIS BOOK Financial Mathematics Derivatives and Structured Products

This book introduces readers to the financial markets, derivatives, structured products and how the products are modelled and implemented by practitioners. In addition, it equips readers with the necessary knowledge of financial markets needed in order to work as product structurers, traders, sales or risk managers. As the book seeks to unify the derivatives modelling and the financial engineering practice in the market, it will be of interest to financial practitioners and academic researchers alike. Further, it takes a different

Financial Mathematics

Financial Mathematics
  • Author : Bruno Biais,Centro internazionale matematico estivo. Session,Thomas Björk,Centro internazionale matematico estivo,Jaksa Cvitanic,Centro Internazionale Matematico Estivo Staff,Nicole El Karoui,Elyes Jouini,J.C. Rochet
  • Publisher : Springer Science & Business Media
  • Release : 20 March 1997
GET THIS BOOK Financial Mathematics

Financial Mathematics is an exciting, emerging field of application. The five sets of course notes in this book provide a bird's eye view of the current "state of the art" and directions of research. For graduate students it will therefore serve as an introduction to the field while reseachers will find it a compact source of reference. The reader is expected to have a good knowledge of the basic mathematical tools corresponding to an introductory graduate level, and sufficient familiarity

Computational Financial Mathematics using MATHEMATICA

Computational Financial Mathematics using MATHEMATICA
  • Author : Srdjan Stojanovic
  • Publisher : Birkhäuser
  • Release : 17 May 2013
GET THIS BOOK Computational Financial Mathematics using MATHEMATICA

Given the explosion of interest in mathematical methods for solving problems in finance and trading, a great deal of research and development is taking place in universities, large brokerage firms, and in the supporting trading software industry. Mathematical advances have been made both analytically and numerically in finding practical solutions. This book provides a comprehensive overview of existing and original material, about what mathematics when allied with Mathematica can do for finance. Sophisticated theories are presented systematically in a user-friendly

Financial Mathematics For Actuaries Second Edition

Financial Mathematics For Actuaries  Second Edition
  • Author : Wai-sum Chan,Yiu-kuen Tse
  • Publisher : World Scientific Publishing Company
  • Release : 28 July 2017
GET THIS BOOK Financial Mathematics For Actuaries Second Edition

Financial Mathematics for Actuaries is a textbook for students in actuarial science, quantitative finance, financial engineering and quantitative risk management and is designed for a one-semester undergraduate course.Covering the theories of interest rates, with applications to the evaluation of cash flows, the pricing of fixed income securities and the management of bonds, this textbook also contains numerous examples and exercises and extensive coverage of various Excel functions for financial calculation. Discussions are linked to real financial market data, such

Financial Mathematics

Financial Mathematics
  • Author : José María Martínez Gonzalo,Mariano Méndez Suárez,José Luis Espejo-Saavedra Ezquerra
  • Publisher : ESIC Editorial
  • Release : 11 June 2020
GET THIS BOOK Financial Mathematics

Financial Mathematics Solved Exercises is a handbook for students, faculty and professionals interested in understanding appraisal methods for the most popular banking products. The handbook addresses the main topics of Financial Mathematics studied in the graduate and postgraduate courses of Business Administration with exercises that are always solved step by step to strengthen the concepts that can be learnt. This design allows people interested in Financial Mathematics to learn specific routines by following the instructions provided for the different exercises.

The Financial Mathematics of Market Liquidity

The Financial Mathematics of Market Liquidity
  • Author : Olivier Gueant
  • Publisher : CRC Press
  • Release : 30 March 2016
GET THIS BOOK The Financial Mathematics of Market Liquidity

This book is among the first to present the mathematical models most commonly used to solve optimal execution problems and market making problems in finance. The Financial Mathematics of Market Liquidity: From Optimal Execution to Market Making presents a general modeling framework for optimal execution problems-inspired from the Almgren-Chriss app

C for Financial Mathematics

C   for Financial Mathematics
  • Author : John Armstrong
  • Publisher : CRC Press
  • Release : 06 January 2017
GET THIS BOOK C for Financial Mathematics

If you know a little bit about financial mathematics but don’t yet know a lot about programming, then C++ for Financial Mathematics is for you. C++ is an essential skill for many jobs in quantitative finance, but learning it can be a daunting prospect. This book gathers together everything you need to know to price derivatives in C++ without unnecessary complexities or technicalities. It leads the reader step-by-step from programming novice to writing a sophisticated and flexible financial mathematics

Introductory Course on Financial Mathematics

Introductory Course on Financial Mathematics
  • Author : M V Tretyakov
  • Publisher : World Scientific Publishing Company
  • Release : 23 July 2013
GET THIS BOOK Introductory Course on Financial Mathematics

This book is an elementary introduction to the basic concepts of financial mathematics with a central focus on discrete models and an aim to demonstrate simple, but widely used, financial derivatives for managing market risks. Only a basic knowledge of probability, real analysis, ordinary differential equations, linear algebra and some common sense are required to understand the concepts considered in this book. Financial mathematics is an application of advanced mathematical and statistical methods to financial management and markets, with a

Financial Mathematics Volatility and Covariance Modelling

Financial Mathematics  Volatility and Covariance Modelling
  • Author : Julien Chevallier,Stéphane Goutte,David Guerreiro,Sophie Saglio,Bilel Sanhaji
  • Publisher : Routledge
  • Release : 28 June 2019
GET THIS BOOK Financial Mathematics Volatility and Covariance Modelling

This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance, mathematics & stochastics, international macroeconomics and financial econometrics. Financial Mathematics, Volatility and Covariance Modelling: Volume 2 provides a key repository on the current state of knowledge, the latest debates and recent literature on financial mathematics, volatility and covariance modelling. The first section is devoted to mathematical finance, stochastic modelling and control optimization. Chapters explore the recent financial crisis, the increase of

An Introduction to Financial Mathematics

An Introduction to Financial Mathematics
  • Author : Hugo D. Junghenn
  • Publisher : CRC Press
  • Release : 14 March 2019
GET THIS BOOK An Introduction to Financial Mathematics

Introduction to Financial Mathematics: Option Valuation, Second Edition is a well-rounded primer to the mathematics and models used in the valuation of financial derivatives. The book consists of fifteen chapters, the first ten of which develop option valuation techniques in discrete time, the last five describing the theory in continuous time. The first half of the textbook develops basic finance and probability. The author then treats the binomial model as the primary example of discrete-time option valuation. The final part