FREE SHIPPING BOTH WAYS

ON EVERY ORDER!

LIST PRICE:

$65.00

Sorry, this item is currently unavailable.

ISBN: 9781119965831 | 1119965837

Edition: 1stFormat: Hardcover

Publisher: Wiley

Pub. Date: 11/3/2014

Because Knetbooks knows college students. Our rental program is designed to save you time and money. Whether you need a textbook for a semester, quarter or even a summer session, we have an option for you. Simply select a rental period, enter your information and your book will be on its way!

- We have the lowest prices on thousands of popular textbooks
- Free shipping both ways on ALL orders
- Most orders ship within 48 hours
- Need your book longer than expected? Extending your rental is simple
- Our customer support team is always here to help

An increasingly popular field of study at universities and an essential skill for investment bank employees, mathematical finance has changed dramatically in recent years, but its roots remain in stochastic calculus. *Problems and Solutions in Mathematical Finance: Volume 1* provides a comprehensive explanation of stochastic calculus and probability theory focusing on their relationship with mathematical finance. Quantitative analysts Dr. Eric Chin and Dian Nel and Professor Sverrir Olafsson portray stochastic calculus' role in generating partial differentiation equations for pricing options and constructing probability measures in conjunction with martingale theory. Mathematical and computational finance rely on computational intelligence, numerical methods, and computer simulations to make trading, hedging, and investment decisions, to determine the risk of those decisions, and to define price derivatives.

- Includes chapter-by-chapter introduction of the fundamental tenets, essential definitions, and detailed explanations needed to solve financial problems
- Offers advice from experts in price testing methodologies, model calibration, energy markets, hedging in incomplete markets, and risk management

*Problems and Solutions in Mathematical Finance: Volume 1* functions as either an independent information text or a study supplement for students and practitioners eager to recover the basics of mathematical finance.