Stochastic Analysis for Finance with Simulations

Nonfiction, Science & Nature, Mathematics, Applied, Business & Finance
Cover of the book Stochastic Analysis for Finance with Simulations by Geon Ho Choe, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Geon Ho Choe ISBN: 9783319255897
Publisher: Springer International Publishing Publication: July 14, 2016
Imprint: Springer Language: English
Author: Geon Ho Choe
ISBN: 9783319255897
Publisher: Springer International Publishing
Publication: July 14, 2016
Imprint: Springer
Language: English

This book is an introduction to stochastic analysis and quantitative finance; it includes both theoretical and computational methods. Topics covered are stochastic calculus, option pricing, optimal portfolio investment, and interest rate models. Also included are simulations of stochastic phenomena, numerical solutions of the Black–Scholes–Merton equation, Monte Carlo methods, and time series. Basic measure theory is used as a tool to describe probabilistic phenomena.

The level of familiarity with computer programming is kept to a minimum. To make the book accessible to a wider audience, some background mathematical facts are included in the first part of the book and also in the appendices. This work attempts to bridge the gap between mathematics and finance by using diagrams, graphs and simulations in addition to rigorous theoretical exposition. Simulations are not only used as the computational method in quantitative finance, but they can also facilitate an intuitive and deeper understanding of theoretical concepts.

Stochastic Analysis for Finance with Simulations is designed for readers who want to have a deeper understanding of the delicate theory of quantitative finance by doing computer simulations in addition to theoretical study. It will particularly appeal to advanced undergraduate and graduate students in mathematics and business, but not excluding practitioners in finance industry.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book is an introduction to stochastic analysis and quantitative finance; it includes both theoretical and computational methods. Topics covered are stochastic calculus, option pricing, optimal portfolio investment, and interest rate models. Also included are simulations of stochastic phenomena, numerical solutions of the Black–Scholes–Merton equation, Monte Carlo methods, and time series. Basic measure theory is used as a tool to describe probabilistic phenomena.

The level of familiarity with computer programming is kept to a minimum. To make the book accessible to a wider audience, some background mathematical facts are included in the first part of the book and also in the appendices. This work attempts to bridge the gap between mathematics and finance by using diagrams, graphs and simulations in addition to rigorous theoretical exposition. Simulations are not only used as the computational method in quantitative finance, but they can also facilitate an intuitive and deeper understanding of theoretical concepts.

Stochastic Analysis for Finance with Simulations is designed for readers who want to have a deeper understanding of the delicate theory of quantitative finance by doing computer simulations in addition to theoretical study. It will particularly appeal to advanced undergraduate and graduate students in mathematics and business, but not excluding practitioners in finance industry.

More books from Springer International Publishing

Cover of the book Ultrashort Pulse Laser Technology by Geon Ho Choe
Cover of the book Korean Women in Leadership by Geon Ho Choe
Cover of the book Innovations for Next-Generation Antibody-Drug Conjugates by Geon Ho Choe
Cover of the book Legal Fictions in Theory and Practice by Geon Ho Choe
Cover of the book Patents and Cartographic Inventions by Geon Ho Choe
Cover of the book Fish4Knowledge: Collecting and Analyzing Massive Coral Reef Fish Video Data by Geon Ho Choe
Cover of the book Inventing the Gothic Corpse by Geon Ho Choe
Cover of the book Therapeutic Embolization by Geon Ho Choe
Cover of the book Index Matrices: Towards an Augmented Matrix Calculus by Geon Ho Choe
Cover of the book GaP Heteroepitaxy on Si(100) by Geon Ho Choe
Cover of the book Principles of River Hydraulics by Geon Ho Choe
Cover of the book Applications in Electronics Pervading Industry, Environment and Society by Geon Ho Choe
Cover of the book Dag Prawitz on Proofs and Meaning by Geon Ho Choe
Cover of the book Managing BRCA Mutation Carriers by Geon Ho Choe
Cover of the book Just-in-Time Elements and Benefits by Geon Ho Choe
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy