Risk Neutral Pricing and Financial Mathematics: A Primer

Peter M. Knopf (Dyson College of Arts and Sciences, Pace University, Pleasantville, NY, USA),John Teall (Johns Hopkins University)

Risk Neutral Pricing and Financial Mathematics: A Primer
Format
Paperback
Publisher
Elsevier Science Publishing Co Inc
Country
United States
Published
18 August 2015
Pages
348
ISBN
9780128015346

Risk Neutral Pricing and Financial Mathematics: A Primer

Peter M. Knopf (Dyson College of Arts and Sciences, Pace University, Pleasantville, NY, USA),John Teall (Johns Hopkins University)

Risk Neutral Pricing and Financial Mathematics: A Primer provides a foundation to financial mathematics for those whose undergraduate quantitative preparation does not extend beyond calculus, statistics, and linear math. It covers a broad range of foundation topics related to financial modeling, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, and term structure models, along with related valuation and hedging techniques. The joint effort of two authors with a combined 70 years of academic and practitioner experience, Risk Neutral Pricing and Financial Mathematics takes a reader from learning the basics of beginning probability, with a refresher on differential calculus, all the way to Doob-Meyer, Ito, Girsanov, and SDEs. It can also serve as a useful resource for actuaries preparing for Exams FM and MFE (Society of Actuaries) and Exams 2 and 3F (Casualty Actuarial Society).

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