Financial Calculus 金融微积分衍生产品定价导论 Martin Baxter 精装

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1089 1089 九五品

仅1件

广东广州

认证卖家担保交易快速发货售后保障

作者Martin Baxter

出版社Cambridge University Press

ISBN9780521552899

出版时间2008-01

装帧精装

开本其他

定价1089元

货号YB-71029

上书时间2024-03-29

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商品描述: 商品简介
The rewards and dangers of speculating in the modern financial markets have come to the fore in recent times with the collapse of banks and bankruptcies of public corporations as a direct result of ill-judged investment. At the same time, individuals are paid huge sums to use their mathematical skills to make well-judged investment decisions. Here now is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model are described with mathematical precision in a style tailored for market practitioners. Starting from discrete-time hedging on binary trees, continuous-time stock models (including Black-Scholes) are developed. Practicalities are stressed, including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. A full glossary of probabilistic and financial terms is provided. This unique book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders.