This mathematically elementary introduction to the theory of options pricing presents the Black-Scholes theory of options as well as introducing such topics in finance as the time value of money, mean variance analysis, optimal portfolio selection, and the capital assets pricing model. The author assumes no prior knowledge of probability and presents all the necessary preliminary material simply and clearly. He explains the concept of arbitrage with examples, and then uses the arbitrage theorem, along with an approximation of geometric Brownian motion, to obtain a simple derivation of the Black-Scholes formula. In the later chapters he presents real price data indicating that this model is not always appropriate and shows how the model can be generalized to deal with such situations. No other text presents such topics in a mathematically accurate but accessible way. It will appeal to professional traders as well as undergraduates studying the basics of finance.
An Elementary Introduction to Mathematical Finance 3rd Edition PDF Free Download
November 18, 2022
![An Elementary Introduction to Mathematical Finance 3rd Edition PDF An Elementary Introduction to Mathematical Finance 3rd Edition PDF](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0dT3URhU2vehpI_ZFoppwYfXpA3BFVcC5r4wEHL_H_MMjx3vVrIj5u_MQDfUdiLMg-6GzjPMEFQYyCQXrdegR5fshtNjQLKk1_ZUM0PxMnqUydTK3jpPrZux5HtbsGhhu-HkSrewWSClcAJ1mwM2APMRmAHIWLkvBpa_C_q8Hs0wa4fy6PS1wXFAaAA/s320/000All.jpg)
You may also like
APPLIED MATHEMATICS
Basic Theory of Fractional Differential Equations 2nd Edition by Yong Zhou PDF
June 28, 2024
This invaluable monograph is devoted to a rapidly developing area on the research of qualitative theory of fractional ordinary and partial differential...
APPLIED MATHEMATICS
Finite Mathematics & Its Applications 11th Edition by Larry J. Goldstein PDF
June 26, 2024
Finite Mathematics, Eleventh Edition is a comprehensive, yet flexible, text for students majoring in business, economics, life science, or social sciences. The...
This book is intended to help you to prepare for your University of Cambridge International A and AS level physics examinations. It is a revision guide, which...
Recent Posts
- Nuclear Physics Exploring the Heart of Matter PDF
- Applied Physics Crash Course by Arthur Beiser PDF
- Variational Principles in Physics by Jean-Louis Basdevant PDF
- Analytical Chemistry by Dhruba Charan Dash PDF
- Handbook of Modern Sensors Physics, Designs, and Applications 3rd Edition by Jacob Fraden PDF
Add Comment