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Discrete Models of Financial Markets
Engelsk
Bogcover for Discrete Models of Financial Markets af Marek Capinski, Ekkehard Kopp, 9780521175722
Specifikationer
Sprog:
Engelsk
Sider:
192
ISBN-13:
9780521175722
Indbinding:
Paperback
ISBN-10:
0521175720
Udg. Dato:
23 feb 2012
Størrelse i cm:
22,7 x 15,4 x 1,2
Oplagsdato:
23 feb 2012
Forfatter(e):

Discrete Models of Financial Markets

Engelsk
Paperback 2012
Format:

Bog beskrivelse
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.
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Specifikationer
Sprog:
Engelsk
Sider:
192
ISBN-13:
9780521175722
Indbinding:
Paperback
ISBN-10:
0521175720
Udg. Dato:
23 feb 2012
Størrelse i cm:
22,7 x 15,4 x 1,2
Oplagsdato:
23 feb 2012
Forfatter(e):
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