Mathematical finance a very short introduction

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Uiterlijk 6 december in huis

Now a vital part of modern economies, the rapid growth of the finance industry in recent decades is largely due to the development of mathematical methods such as the theory of arbitrage. Asset valuation, credit trading, and fund management, now depend on these mathematical tools. Mark Davis explains the theories and their applications.



In recent years the finance industry has mushroomed to become an important part of modern economies, and many science and engineering graduates have joined the industry as quantitative analysts, with mathematical and computational skills that are needed to solve complex problems of asset valuation and risk management. An important parallel story exists of scientific endeavour. Between 1965-1995, insightful ideas in economics about asset valuation were turned into a mathematical 'theory of arbitrage', an enterprise whose first achievement was the famous 1973 Black-Scholes formula, followed by extensive investigations using all the resources of modern analysis and probability. The growth of the finance industry proceeded hand-in-hand with these developments. Now new challenges arise to deal with the fallout from the 2008 financial crisis and to take advantage of new technology, which has revolutionized the practice of trading. This Very Short Introduction introduces readers with no previous background in this area to arbitrage theory and why it works the way it does. Illuminating pricing theory, Mark Davis explains its applications to interest rates, credit trading, fund management and risk management. He concludes with a survey of the most pressing issues in mathematical finance today. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

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Taal: en

Bindwijze: Paperback

Oorspronkelijke releasedatum: 24 januari 2019

Aantal pagina's: 160

Illustraties: Nee

Hoofdauteur: Mark H. A. Davis

Tweede Auteur: Darrell Duffie

Hoofdredacteur: Mark H.A. Davis

Tweede Redacteur: Darrell Duffie

Co Redacteur: Wendell H. Fleming

Hoofduitgeverij: USA Oxford University Press

Extra groot lettertype: Nee

Product breedte: 114 mm

Product hoogte: 10 mm

Product lengte: 175 mm

Studieboek: Ja

Verpakking breedte: 106 mm

Verpakking hoogte: 11 mm

Verpakking lengte: 172 mm

Verpakkingsgewicht: 166 g

EAN: 9780198787945

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