Stochastic Analysis for Finance with Simulations is popular PDF and ePub book, written by Geon Ho Choe in 2016-07-14, 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, Stochastic Analysis for Finance with Simulations can be Read Online from any device for your convenience.
Stochastic Analysis for Finance with Simulations Book PDF Summary
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.
Detail Book of Stochastic Analysis for Finance with Simulations PDF
- Author : Geon Ho Choe
- Release : 14 July 2016
- Publisher : Springer
- ISBN : 9783319255897
- Genre : Mathematics
- Total Page : 660 pages
- Language : English
- PDF File Size : 7,8 Mb
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