{"product_id":"the-mathematics-of-arbitrage-9783540219927","title":"The Mathematics of Arbitrage","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eProof of the \"Fundamental Theorem of Asset Pricing\" in its general form by Delbaen and Schachermayer was a milestone in the history of modern mathematical finance and now forms the cornerstone of this book.\u003c\/p\u003e \u003cp\u003ePuts into book format a series of major results due mostly to the authors of this book.\u003c\/p\u003e \u003cp\u003eEmbeds highest-level research results into a treatment amenable to graduate students, with introductory, explanatory background.\u003c\/p\u003e \u003cp\u003eAwaited in the quantitative finance community.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eFrom the reviews:\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\"As a learning device, I think this works really well. The second half of the book allows readers to ‘put to use’ the mathematics they learn in the first half. I really like the authors’ writing style. They provide plenty of intuitive insights and historical notes along the way as they formally develop concepts. … I recommend it highly to theoretically-inclined financial engineers and researchers.\" (www.riskbook.com, September, 2006)\u003c\/p\u003e \u003cp\u003e\"The aim of the book, as the authors state … is to give the reader a guided tour through the mathematics of arbitrage. … The book will be of invaluable help to new researchers in the area of incomplete markets. A new graduate student wishing to do such research would start by reading the papers in the book. She or he now has a very good book to assist this study.\" (Angelos Dassios, Mathematical Reviews, Issue 2007 a)\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eA Guided Tour to Arbitrage Theory.- The Story in a Nutshell.- Models of Financial Markets on Finite Probability Spaces.- Utility Maximisation on Finite Probability Spaces.- Bachelier and Black-Scholes.- The Kreps-Yan Theorem.- The Dalang-Morton-Willinger Theorem.- A Primer in Stochastic Integration.- Arbitrage Theory in Continuous Time: an Overview.- The Original Papers.- A General Version of the Fundamental Theorem of Asset Pricing (1994).- A Simple Counter-Example to Several Problems in the Theory of Asset Pricing (1998).- The No-Arbitrage Property under a Change of Numéraire (1995).- The Existence of Absolutely Continuous Local Martingale Measures (1995).- The Banach Space of Workable Contingent Claims in Arbitrage Theory (1997).- The Fundamental Theorem of Asset Pricingfor Unbounded Stochastic Processes (1998).- A Compactness Principle for Bounded Sequences of Martingales with Applications (1999).","brand":"Springer-Verlag Berlin and Heidelberg GmbH \u0026 Co. KG","offers":[{"title":"Default Title","offer_id":50579138871639,"sku":"9783540219927","price":104.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783540219927.jpg?v=1746101940","url":"https:\/\/bookcurl.com\/products\/the-mathematics-of-arbitrage-9783540219927","provider":"Book Curl","version":"1.0","type":"link"}