{"product_id":"stochastic-finance-nicolas-privault-9781466594029","title":"Stochastic Finance: An Introduction with Market Examples","description":"\u003cp\u003e\u003cstrong\u003eStochastic Finance: An Introduction with Market Examples\u003c\/strong\u003e presents an introduction to pricing and hedging in discrete and continuous time financial models without friction, emphasizing the complementarity of analytical and probabilistic methods. It demonstrates both the power and limitations of mathematical models in finance, covering the basics of finance and stochastic calculus, and builds up to special topics, such as options, derivatives, and credit default and jump processes. It details the techniques required to model the time evolution of risky assets. \u003c\/p\u003e \u003cp\u003eThe book discusses a wide range of classical topics including Black-Scholes pricing, exotic and American options, term structure modeling and change of num駻aire, as well as models with jumps. The author takes the approach adopted by mainstream mathematical finance in which the computation of fair prices is based on the absence of arbitrage hypothesis, therefore excluding riskless profit based on arbitrage opportunities and basic (buying low\/selling high) trading.\u003c\/p\u003e \u003cp\u003eWith 104 figures and simulations, along with about 20 examples based on actual market data, the book is targeted at the advanced undergraduate and graduate level, either as a course text or for self-study, in applied mathematics, financial engineering, and economics.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Nicolas Privault\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1466594020\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781466594029\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/20\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 442\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.65lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.40h x 6.30w x 1.00d","brand":"Nicolas Privault","offers":[{"title":"Hardcover","offer_id":43980441583871,"sku":"9781466594029","price":115.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_c8d11654-ba33-4ede-b303-44f4385babb9.jpg?v=1683249919","url":"https:\/\/www.whiterainbookhouse.com\/products\/stochastic-finance-nicolas-privault-9781466594029","provider":"WR Book House","version":"1.0","type":"link"}