Financial Markets in Continuous Time
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Book Overview
This book explains key financial concepts, mathematical tools and theories of mathematical finance. The range of topics covered is very broad for an introductory text. The book is organized in four parts. The first brings together a number of results from discrete-time models. The second develops stochastic continuous-time models for the valuation of financial assets (the Black-Scholes formula and its extensions), for optimal portfolio and consumption...
Format:Paperback
Language:English
ISBN:354071149X
ISBN13:9783540711490
Release Date:July 2007
Publisher:Springer
Length:324 Pages
Weight:1.08 lbs.
Dimensions:0.8" x 7.2" x 9.2"
Related Subjects
Business Business & Investing Math Mathematics Probability & Statistics Science & MathCustomer Reviews
1 rating
Very good and clear, but tough topic
Published by Thriftbooks.com User , 17 years ago
Financial Markets in Continuous Time is a welcome update of Merton on the same space, but with a few advances and a bit more rigor, and some updated notation that adds to clarity. For those old coots like me who have already had to go through Merton, there is only marginal additional clarity and advances. But for young folks just starting out read this first and then go back to "the classics" i.e. Merton, Shimko, Shreve and Bjork. Stephen Schaefer can be skipped.
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