The rewards and dangers of speculating in the modern financial markets have come to the fore in recent times with the collapse of banks and bankruptcies of public corporations as a direct result of ill-judged investment. At the same time, individuals are paid huge sums to use their mathematical skills to make well-judged investment decisions. Here now is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model are described with mathematical precision in a style tailored for market practitioners. Starting from discrete-time hedging on binary trees, continuous-time stock models (including Black-Scholes) are developed. Practicalities are stressed, including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. A full glossary of probabilistic and financial terms is provided. This unique, modern and up-to-date book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders, whether existing or trainees, in investment banks in the major financial centres throughout the world.
發表於2024-05-29
Financial Calculus 2024 pdf epub mobi 電子書 下載
這本書,確實隻是如封麵寫的,an introduction。 在書中,作者大部分是用intuitive explanation代替瞭rigorous mathematics。所以,如果要完全理解Baxter and Rennie的Ideas和details,那需要讀不少mathematics……
評分123 123 123 123 主要基於Ito積分,從二叉樹開始一直到通用模型,進行瞭廣泛研究和討論。 作為教材來說水平很高。如果把作者製定的擴展讀物修完,那麼基礎還是打得比較牢固的。
評分這本書,確實隻是如封麵寫的,an introduction。 在書中,作者大部分是用intuitive explanation代替瞭rigorous mathematics。所以,如果要完全理解Baxter and Rennie的Ideas和details,那需要讀不少mathematics……
評分123 123 123 123 主要基於Ito積分,從二叉樹開始一直到通用模型,進行瞭廣泛研究和討論。 作為教材來說水平很高。如果把作者製定的擴展讀物修完,那麼基礎還是打得比較牢固的。
評分123 123 123 123 主要基於Ito積分,從二叉樹開始一直到通用模型,進行瞭廣泛研究和討論。 作為教材來說水平很高。如果把作者製定的擴展讀物修完,那麼基礎還是打得比較牢固的。
圖書標籤: 金融 Finance quant 金融工程 calculus 數學 金融數學 financial
輔以其學生的講義最好 部分證明不夠詳細
評分適閤金融數學的初學者
評分隻上瞭前四章 英文版中文版夾雜在一起讀 很淺顯易懂 沒有學過隨機過程的也可以很快入門
評分輔以其學生的講義最好 部分證明不夠詳細
評分相見恨晚!
Financial Calculus 2024 pdf epub mobi 電子書 下載