{"product_id":"discrete-models-of-financial-markets-marek-capiski-9780521175722","title":"Discrete Models of Financial Markets","description":"This book explains in simple settings the fundamental ideas of financial market modelling and derivative pricing, using the no-arbitrage principle. Relatively elementary mathematics leads to powerful notions and techniques - such as viability, completeness, self-financing and replicating strategies, arbitrage and equivalent martingale measures - which are directly applicable in practice. The general methods are applied in detail to pricing and hedging European and American options within the Cox-Ross-Rubinstein (CRR) binomial tree model. A simple approach to discrete interest rate models is included, which, though elementary, has some novel features. All proofs are written in a user-friendly manner, with each step carefully explained and following a natural flow of thought. In this way the student learns how to tackle new problems.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Marek Capiński, Ekkehard Kopp\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0521175720\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780521175722\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cambridge University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/23\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 192\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.70lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.90h x 5.80w x 0.50d","brand":"Marek Capi\u0026#324;ski","offers":[{"title":"Paperback","offer_id":44056255365375,"sku":"9780521175722","price":46.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_06e34565-ee0e-41cb-9192-15cf799997ad.jpg?v=1685040348","url":"https:\/\/www.whiterainbookhouse.com\/products\/discrete-models-of-financial-markets-marek-capiski-9780521175722","provider":"WR Book House","version":"1.0","type":"link"}