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Mathematics of Financial Obligations by S. Melnikov & S.N. Volkov & M.L. Nechaev
Contemporary finance and actuarial calculations have become so mathematically complex that a rigorous exposition is required for an accurate and complete presentation. This volume delivers just that. It gives a comprehensive and up-to-date methodology for financial pricing and modelling. Also included are special cases useful for practical applications. Beyond the traditional areas of hedging and investment on complete markets (the Black-Scholes and Cox-Ross-Rubinstein models), the book includes topics that are not currently available in monograph form, such as incomplete markets, markets with constraints, imperfect forms of hedging, and the convergence of calculations in finance and insurance. The book is geared toward specialists in finance and actuarial mathematics, practitioners in the financial and insurance business, students, and post-docs in corresponding areas of study. Readers should have a foundation in probability theory, random processes, and mathematical statistics. |
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| Author(s) : S. Melnikov | Format : Hardback Book |
| ISBN-10 : 0821829459 | ISBN-13 : 9780821829455 |
| RRP : £47.25 | Best available price : £ / $ |
| Prices as of : BST check live prices | |
Product Details:
Series Title : Translations of Mathematical Monographs
Country Publication : United States
Publication Date : 17/10/2002
Publisher : American Mathematical Society
Page Length : 194mm
Page Size : 230mm