Stochastic Finance: An Introduction in Discrete Time. Front Cover. Hans Föllmer, Alexander Schied. Walter de Gruyter, – Business & Economics – DOI /s BOOK REVIEW. H. Föllmer, A. Schied: Stochastic finance: an introduction in discrete time. de Gruyter Studies. : Stochastic Finance: An Introduction In Discrete Time 2 (Degruyter Studies in Mathematics) (): Hans Follmer, Alexander Schied.
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Shopbop Designer Fashion Brands. AmazonGlobal Ship Orders Internationally. It may serve as basis for graduate courses and be also interesting for those who work in the financial industry and want to get an idea about the mathematical methods of risk assessment.
It also includes material on risk measures and the related issue of model uncertainty, in particular a chapter on dynamic risk measures and sections on robust utility maximization and on efficient hedging with convex risk measures. Other editions – View all Stochastic Finance: De Gruyter; 3 stochasstic January 28, Financr Thus, the need to confront the intrinsic risks arising from market incomleteness appears at a very early stage.
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There’s a problem loading this menu right now. In the second part, the idea of dynamic hedging of contingent claims is foollmer in a multiperiod framework. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule.
View table of contents. Share your thoughts with other customers. This book is an introduction to financial mathematics.
Stochastic Finance, 4th Edition [Book]
Start Free Trial No credit card required. It is intended for graduate students in mathematics and for researchers working in academia and industry. In addition, it can serve as a guide for lectures and seminars on a graduate level. Alexa Actionable Analytics for the Web.
Topics include the characterization of arbitrage-free markets, preferences on asset profiles, an introduction to equilibrium analysis, and monetary measures of financial risk. The works in this series are addressed to advanced students and researchers in mathematics and theoretical physics.
Would you like to tell us about a lower price? The first part of the book contains a study of a simple one-period model, which also serves as a building block for later developments.
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Due to the strong appeal and wide use of this book, it is now available as a textbook with exercises. Amazon Advertising Find, attract, and engage customers.
Stochastic Finance de Gruyter Textbook. My library Help Advanced Book Search. East Dane Designer Men’s Fashion. George YinQing Zhang No preview available – While the finande board of the Studies has changed with the years, the aspirations of the Studies are unchanged.
Amazon Renewed Refurbished products with a warranty. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk.
Please submit any book proposals to Niels Jacob. The series de Gruyter Studies fjnance Mathematics was founded ca.
In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework. The series is devoted to the publication of monographs and high-level textbooks in mathematics, mathematical methods and their applications. The focus finanec stochastic models dtochastic discrete time has two immediate benefits.
Topics include the characterization of arbitrage-free markets, preferences on asset profiles, an introduction to equilibrium analysis, and monetary measures of financial risk.
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