{"product_id":"introduction-to-stochastic-calculus-applied-damien-lamberton-9781584886266","title":"Introduction to Stochastic Calculus Applied to Finance","description":"\u003cp\u003eSince the publication of the first edition of this book, the area of mathematical finance has grown rapidly, with financial analysts using more sophisticated mathematical concepts, such as stochastic integration, to describe the behavior of markets and to derive computing methods. Maintaining the lucid style of its popular predecessor, Introduction to Stochastic Calculus Applied to Finance, Second Edition incorporates some of these new techniques and concepts to provide an accessible, up-to-date initiation to the field. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eNew to the Second Edition\u003cli\u003eComplements on discrete models, including Rogers' approach to the fundamental theorem of asset pricing and super-replication in incomplete markets\u003cbr\u003e \u003c\/li\u003e\u003cli\u003eDiscussions on local volatility, Dupire's formula, the change of num駻aire techniques, forward measures, and the forward Libor model \u003cbr\u003e \u003c\/li\u003e\u003cli\u003eA new chapter on credit risk modeling\u003cbr\u003e \u003c\/li\u003e\u003cli\u003eAn extension of the chapter on simulation with numerical experiments that illustrate variance reduction techniques and hedging strategies\u003cbr\u003e \u003c\/li\u003e\u003cli\u003eAdditional exercises and problems \u003cp\u003e\u003c\/p\u003eProviding all of the necessary stochastic calculus theory, the authors cover many key finance topics, including martingales, arbitrage, option pricing, American and European options, the Black-Scholes model, optimal hedging, and the computer simulation of financial models. They succeed in producing a solid introduction to stochastic approaches used in the financial world.\u003c\/li\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Damien Lamberton, Bernard Lapeyre\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1584886269\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781584886266\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/01\/2007\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 254\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.06lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.47h x 6.22w x 0.77d","brand":"Damien Lamberton","offers":[{"title":"Hardcover","offer_id":43939794878719,"sku":"9781584886266","price":110.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_51184509-9fa5-49fc-b0ed-327634e55871.jpg?v=1681443527","url":"https:\/\/www.whiterainbookhouse.com\/products\/introduction-to-stochastic-calculus-applied-damien-lamberton-9781584886266","provider":"WR Book House","version":"1.0","type":"link"}