The Mathematics of Financial Derivatives : A Student Introduction
Editorial Reviews
Review
'The layout is good and clear, so is the style of notation ... overall this is an excellent tool for both mathematicians interested in the world of finance as well as finance practitioners keen to rebuild the foundations of their knowledge.' Rudi Bogni, Times Higher Education Supplement
'The book is pleasantly readable and gives a good introduction.' C. Praagman, ITW Nieuws
Book Description
Finance is one of the fastest growing areas in the modern banking and corporate world. This, together with the sophistication of modern financial products, provides a rapidly growing impetus for new mathematical models and modern mathematical methods. Indeed, the area is an expanding source for novel and relevant "real-world" mathematics. In this book, the authors describe the modeling of financial derivative products from an applied mathematician's viewpoint, from modeling to analysis to elementary computation. The authors present a unified approach to modeling derivative products as partial differential equations, using numerical solutions where appropriate. The authors assume some mathematical background, but provide clear explanations for material beyond elementary calculus, probability, and algebra. This volume will become the standard introduction for advanced undergraduate students to this exciting new field.
The Mathematics of Financial Derivatives : A Student Introduction,Paul Wilmott,Sam Howison,Jeff Dewynne,Cambridge University Press,0521497892,Business / Economics / Finance,Derivative securities,Investments & Securities - Options,Mathematical models,Mathematics,Options (Finance),Prices,Probability & Statistics - General,Reference,Science/Mathematics,Investment & securities,Mathematical modelling,Mathematics / Applied,Options (Finance)--Mathematical models
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