Large Deviations and Asymptotic Methods in Finance is popular PDF and ePub book, written by Peter K. Friz in 2015-08-14, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, Large Deviations and Asymptotic Methods in Finance can be Read Online from any device for your convenience.
Large Deviations and Asymptotic Methods in Finance Book PDF Summary
Topics covered in this volume (large deviations, differential geometry, asymptotic expansions, central limit theorems) give a full picture of the current advances in the application of asymptotic methods in mathematical finance, and thereby provide rigorous solutions to important mathematical and financial issues, such as implied volatility asymptotics, local volatility extrapolation, systemic risk and volatility estimation. This volume gathers together ground-breaking results in this field by some of its leading experts. Over the past decade, asymptotic methods have played an increasingly important role in the study of the behaviour of (financial) models. These methods provide a useful alternative to numerical methods in settings where the latter may lose accuracy (in extremes such as small and large strikes, and small maturities), and lead to a clearer understanding of the behaviour of models, and of the influence of parameters on this behaviour. Graduate students, researchers and practitioners will find this book very useful, and the diversity of topics will appeal to people from mathematical finance, probability theory and differential geometry.
Detail Book of Large Deviations and Asymptotic Methods in Finance PDF
- Author : Peter K. Friz
- Release : 14 August 2015
- Publisher : Springer
- ISBN : 3319116061
- Genre : Mathematics
- Total Page : 590 pages
- Language : English
- PDF File Size : 15,9 Mb
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