Title
Stochastic Calculus For Finance I: The Binomial Asset Pricing Model (Springer Finance),Used
Delivery time: 8-12 business days (International)
Stochastic Calculus For Finance Evolved From The First Ten Years Of The Carnegie Mellon Professional Master'S Program In Computational Finance. The Content Of This Book Has Been Used Successfully With Students Whose Mathematics Background Consists Of Calculus And Calculusbased Probability. The Text Gives Both Precise Statements Of Results, Plausibility Arguments, And Even Some Proofs, But More Importantly Intuitive Explanations Developed And Refine Through Classroom Experience With This Material Are Provided. The Book Includes A Selfcontained Treatment Of The Probability Theory Needed For Stochastic Calculus, Including Brownian Motion And Its Properties. Advanced Topics Include Foreign Exchange Models, Forward Measures, And Jumpdiffusion Processes.This Book Is Being Published In Two Volumes. The First Volume Presents The Binomial Assetpricing Model Primarily As A Vehicle For Introducing In The Simple Setting The Concepts Needed For The Continuoustime Theory In The Second Volume.Chapter Summaries And Detailed Illustrations Are Included. Classroom Tested Exercises Conclude Every Chapter. Some Of These Extend The Theory And Others Are Drawn From Practical Problems In Quantitative Finance.Advanced Undergraduates And Masters Level Students In Mathematical Finance And Financial Engineering Will Find This Book Useful.Steven E. Shreve Is Cofounder Of The Carnegie Mellon Ms Program In Computational Finance And Winner Of The Carnegie Mellon Doherty Prize For Sustained Contributions To Education.
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