Get Free Shipping on orders over $89
Stochastic Calculus for Finance : Mastering Mathematical Finance - Marek CapiÅ?ski

Stochastic Calculus for Finance

By: Marek CapiÅ?ski, Ekkehard Kopp, Janusz Traple

Hardcover | 23 August 2012

At a Glance

Hardcover


RRP $123.95

$113.75

or 4 interest-free payments of $28.44 with

 or 

Ships in 5 to 7 business days

This book focuses specifically on the key results in stochastic processes that have become essential for finance practitioners to understand. The authors study the Wiener process and It´ integrals in some detail, with a focus on results needed for the Blackâ"Scholes option pricing model. After developing the required martingale properties of this process, the construction of the integral and the It´ formula (proved in detail) become the centrepiece, both for theory and applications, and to provide concrete examples of stochastic differential equations used in finance. Finally, proofs of the existence, uniqueness and the Markov property of solutions of (general) stochastic equations complete the book. Using careful exposition and detailed proofs, this book is a far more accessible introduction to It´ calculus than most texts. Students, practitioners and researchers will benefit from its rigorous, but unfussy, approach to technical issues. Solutions to the exercises are available online.
Industry Reviews
'... a very accessible and comprehensive introduction.' Robert Stelzer, Mathematical Reviews

More in Economic Statistics

Operations and Supply Chain Management : 3rd Edition - David Collier

RRP $182.95

$147.75

19%
OFF
Business Analytics : 5th Cengage International Edition - Jeffrey D. Camm
The Art of Statistics : Learning from Data - David Spiegelhalter

RRP $26.99

$22.99

15%
OFF
Capital and Ideology - Thomas Piketty

RRP $70.95

$52.99

25%
OFF
Basic Business Statistics + PHStat for Statistics : 5th Edition - Mark Berenson

RRP $159.95

$127.75

20%
OFF
Principles of Human Physiology, Global Edition : 6th edition - Cindy Stanfield
Applied Statistics in Business and Economics ISE : 8th Edition - David Doane
Sampling : 3rd Edition - Design and Analysis - Sharon L. Lohr

RRP $162.00

$118.99

27%
OFF
SPSS Statistics For Dummies : 4th edition - Jesus Salcedo

RRP $65.95

$44.75

32%
OFF
Business Statistics : 4th Global Edition - Norean Sharpe

RRP $154.30

$117.75

24%
OFF
Quantitative Methods for Business (Custom Edition) : 3rd Edition - Mark Berenson
Microeconomics : 3rd Global Edition - Daron Acemoglu

RRP $146.95

$112.99

23%
OFF
Introduction to Econometrics : 5th edition - Christopher  Dougherty

RRP $145.95

$116.75

20%
OFF
On the Edge : The Art of Risking Everything - Nate Silver

RRP $36.99

$29.75

20%
OFF
Lean Analytics : Use Data to Build a Better Startup Faster - Alistair Croll
Statistics All-in-One For Dummies : For Dummies - Deborah J. Rumsey

RRP $65.95

$47.99

27%
OFF