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DISCRETE MODELS OF FINANCIAL MARKETS
CAPIŃSKI M. KOPP E. wydawnictwo: CAMBRIDGE , rok wydania 2012, wydanie I cena netto: 169.40 Twoja cena 160,93 zł + 5% vat - dodaj do koszyka Discrete
Models of Financial Markets
This book explains in simple settings the fundamental ideas of financial market
modelling and derivative pricing, using the no-arbitrage principle.
Relatively elementary mathematics leads to powerful notions and techniques – such as
viability, completeness, self-financing and replicating strategies, arbitrage and
equivalent martingale measures – which are directly applicable in practice.
The general methods are applied in detail to pricing and hedging European and American
options within the Cox–Ross–Rubinstein (CRR) binomial tree model. A simple approach to
discrete interest rate models is included, which, though elementary, has some novel
features.
All proofs are written in a user-friendly manner, with each step carefully explained
and following a natural flow of thought. In this way the student learns how to tackle new
problems.
Preface
1. Introduction
2. Single-step asset pricing models
3. Multi-step binomial model
4. Multi-step general models
5. American options
6. Modelling bonds and interest rates
Index.
192 pages, Paperback
Po otrzymaniu zamówienia poinformujemy, czy wybrany tytuł polskojęzyczny lub
anglojęzyczny jest aktualnie na półce księgarni.
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