Discrete Models of Financial Markets

by Marek J. Capinski, Ekkehard Kopp, Marek Capiński

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0521175720
• ISBN13: 9780521175722
• Release Date: March 2012
• Publisher: Cambridge University Press
• Length: 192 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.5" x 5.8" x 8.9"