ENGLISH

An Elementary Introduction to Mathematical Finance

By Sheldon M. Ross

Book information

Publisher
Cambridge University Press
Year
2011
ISBN
0521192536, 9780521192538
Language
english
Format
PDF
Filesize
1 MB (1103689 bytes)
Edition
3
Pages
322\323
Time added
2013-12-27 13:01:40

Description

This textbook on the basics of option pricing is accessible to readers with limited mathematical training. It is for both professional traders and undergraduates studying the basics of finance. Assuming no prior knowledge of probability, Sheldon M. Ross offers clear, simple explanations of arbitrage, the Black-Scholes option pricing formula, and other topics such as utility functions, optimal portfolio selections, and the capital assets pricing model. Among the many new features of this third edition are new chapters on Brownian motion and geometric Brownian motion, stochastic order relations, and stochastic dynamic programming, along with expanded sets of exercises and references for all the chapters.

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