This unique book on the basics of option pricing is mathematically accurate and yet accessible to readers with limited mathematical training. It will appeal to professional traders as well as undergraduates studying the basics of finance. The author assumes no prior knowledge of probability, and offers clear, simple explanations of arbitrage, the Black-Scholes option pricing formula, and other topics such as utility functions, optimal portfolio selections, and the capital assets pricing model. Among the many new features of this second edition are: a new chapter on optimization methods in finance; a new section on Value at Risk and Conditional Value at Risk; a new and simplified derivation of the Black-Scholes equation, together with derivations of the partial derivatives of the Black-Scholes option cost function and of the computational Black-Scholes formula; three different models of European call options with dividends; a new, easily implemented method for estimating the volatility parameter.
估計大部分人都隻知道Ross其他的那些書,譬如一版再版的Introduction to Probability Models神馬的。這是一本二百來頁篇幅的小冊子,適閤初學者,大概學過點初等概統和經濟學原理這樣的課程就可以看瞭。裏麵有不少例子,作者還提self供瞭詳細的解答,看著很輕鬆,ps,書裏字號...
評分估計大部分人都隻知道Ross其他的那些書,譬如一版再版的Introduction to Probability Models神馬的。這是一本二百來頁篇幅的小冊子,適閤初學者,大概學過點初等概統和經濟學原理這樣的課程就可以看瞭。裏麵有不少例子,作者還提self供瞭詳細的解答,看著很輕鬆,ps,書裏字號...
評分估計大部分人都隻知道Ross其他的那些書,譬如一版再版的Introduction to Probability Models神馬的。這是一本二百來頁篇幅的小冊子,適閤初學者,大概學過點初等概統和經濟學原理這樣的課程就可以看瞭。裏麵有不少例子,作者還提self供瞭詳細的解答,看著很輕鬆,ps,書裏字號...
評分估計大部分人都隻知道Ross其他的那些書,譬如一版再版的Introduction to Probability Models神馬的。這是一本二百來頁篇幅的小冊子,適閤初學者,大概學過點初等概統和經濟學原理這樣的課程就可以看瞭。裏麵有不少例子,作者還提self供瞭詳細的解答,看著很輕鬆,ps,書裏字號...
評分估計大部分人都隻知道Ross其他的那些書,譬如一版再版的Introduction to Probability Models神馬的。這是一本二百來頁篇幅的小冊子,適閤初學者,大概學過點初等概統和經濟學原理這樣的課程就可以看瞭。裏麵有不少例子,作者還提self供瞭詳細的解答,看著很輕鬆,ps,書裏字號...
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