Description: Stochastic Finance : An Introduction in Discrete Time, Paperback by Föllmer, Hans; Schied, Alexander, ISBN 311046344X, ISBN-13 9783110463446, Used Good Condition, Free shipping in the US Föllmer and Schied introduce probabilistic methods in finance to graduate students of mathematics and to mathematicians in finance. They limit their account stochastic models in discrete time because the probabilistic machinery is simpler and they can discuss some of the key problems of pricing and hedging in financial derivatives right away. Also the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. Thus the discrete-time setting provides a shortcut to some of the more recent literature on incomplete financial market models. For the fourth edition they have made a number of small changes, and added some background material more than two dozen new exercises. Annotation ©2017 Ringgold, Inc., Portland, OR ()
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Book Title: Stochastic Finance : An Introduction in Discrete Time
Number of Pages: 608 Pages
Language: English
Publication Name: Stochastic Finance : an Introduction in Discrete Time
Publisher: DE Gruyter Gmbh, Walter
Subject: Probability & Statistics / Stochastic Processes, Probability & Statistics / General, Finance / General, Applied, Business Mathematics
Publication Year: 2016
Item Weight: 35.9 Oz
Type: Textbook
Subject Area: Mathematics, Business & Economics
Item Length: 9.4 in
Author: Alexander Schied, Hans Föllmer
Item Width: 6.7 in
Series: De Gruyter Textbook Ser.
Format: Trade Paperback
