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Financial & Managerial Accounting: The Basis For Business Decisions Williams, Jan / Haka, Susan / Bettner, Mark / Carcello, Jose Mc Graw Hill Educacion |
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Título: Risk-Neutral Valuation. Pricing And Hedging Of Financial Derivatives | ||
Autor: Bingham, N. H. ; Kiesel, Rudiger | Precio: $1584.00 | |
Editorial: Springer-Verlag London Limited | Año: 2004 | |
Tema: Finanzas | Edición: 2ª | |
Sinopsis | ISBN: 9781852334581 | |
This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measure techniques. Based on firm probabilistic foundations, general properties of discrete- and continuous-time financial market models are discussed. |