{"product_id":"financial-mathematics-9781498780407","title":"Financial Mathematics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cstrong\u003eFinancial Mathematics: From Discrete to Continuous Time \u003c\/strong\u003eis a study of the mathematical ideas and techniques that are important to the two main arms of the area of financial mathematics: portfolio optimization and derivative valuation. The text is authored for courses taken by advanced undergraduates, MBA, or other students in quantitative finance programs.\u003c\/p\u003e\u003cp\u003eThe approach will be mathematically correct but informal, sometimes omitting proofs of the more difficult results and stressing practical results and interpretation. The text will not be dependent on any particular technology, but it will be laced with examples requiring the numerical and graphical power of the machine.\u003c\/p\u003e\u003cp\u003eThe text illustrates simulation techniques to stand in for analytical techniques when the latter are impractical. There will be an electronic version of the text that integrates Mathematica functionality into the development, making full use of the computational and simulation tools tha\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI like Kevin Hastings' \"Introduction to Financial Mathematics\" (Volume 1) very much.\u003cbr\u003e\u003cbr\u003eThe book is very readable; it builds slowly with many examples and\u003cbr\u003eexercises (and answers to some of the exercises are in the back).\u003cbr\u003eThe writing style is good; the exercises are easy to understand. \u003cbr\u003e\u003cbr\u003e\u003cbr\u003eThe material is comprehensive and covers the topics well. \u003cbr\u003eIt is surprising that the book maintains the same clear level of exposition \u003cbr\u003efrom the simple early chapters to the more complicated later chapters.\u003cbr\u003e\u003cbr\u003eThe table of contents covers all the material that should appear in a\u003cbr\u003efinancial mathematics course.\u003c\/p\u003e\u003cp\u003eDan Zwillinger\u003c\/p\u003e\u003cp\u003eIn addition to its clear explanations, this volume emphasizes real problem solving with examples and exercises that challenge students to apply knowledge of basic concepts to new situations. Another unique aspect is the application of discrete probability to finance; the author provides an overview and illustrates problems in which the rates of interest are random variables, instead of traditional problems that consider only known constants. Topics covered include the mathematics of interest, valuation of bonds, discrete probability for finance, portfolio selection, and derivatives. \u003c\/p\u003e\u003cp\u003eThis book is highly recommended for undergraduates and those preparing for actuarial credentialing and exams.\u003c\/p\u003e\u003cp\u003eS. J. Chapman Jr., \u003c\/p\u003e\u003cp\u003ePurdue University-NorthWest\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eChapter 1. Review of Preliminaries. Chapter 2. More on Portfolio Optimization; Capital Market Theory. Chapter 3. Derivatives Valuation in Multiple Periods. Chapter 4. Continuous Probability Models. Chapter 5. Derivative Valuation in Continuous Time. Appendices.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Inc","offers":[{"title":"Default Title","offer_id":51019956027735,"sku":"9781498780407","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781498780407.jpg?v=1750781872","url":"https:\/\/bookcurl.com\/products\/financial-mathematics-9781498780407","provider":"Book Curl","version":"1.0","type":"link"}