{"product_id":"malliavin-calculus-in-finance-9780367863258","title":"Malliavin Calculus in Finance","description":"\u003cp\u003e\u003cstrong\u003e\u003cem\u003eMalliavin Calculus in Finance: Theory and Practice\u003c\/em\u003e\u003c\/strong\u003e aims to introduce the study of stochastic volatility (SV) models via Malliavin Calculus.\u003c\/p\u003e\u003cp\u003eMalliavin calculus has had a profound impact on stochastic analysis. Originally motivated by the study of the existence of smooth densities of certain random variables, it has proved to be a useful tool in many other problems. In particular, it has found applications in quantitative finance, as in the computation of hedging strategies or the efficient estimation of the Greeks.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe objective of this book is to offer a bridge between theory and practice. It shows that Malliavin calculus is an easy-to-apply tool that allows us to recover, unify, and generalize several previous results in the literature on stochastic volatility modeling related to the vanilla, the forward, and the VIX implied volatility surfaces. It can be applied to local, stochastic, and also to rough volatilities (driven by a fractiona\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":51018082287959,"sku":"9780367863258","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780367863258.jpg?v=1750775576","url":"https:\/\/bookcurl.com\/products\/malliavin-calculus-in-finance-9780367863258","provider":"Book Curl","version":"1.0","type":"link"}