Aspects of mathematical finance / Marc Yor, editor.
"Considering the stupendous gain in importance, in the banking and insurance industries since the early 1990’s, of mathematical methodology, especially probabilistic methodology, it was a very natural idea for the French "Académie des Sciences" to propose a series of public lectures,...
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| Format: | Ebook |
| Language: | English French |
| Published: |
Berlin :
Springer,
[2008]
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| Subjects: | |
| Online Access: | Springer eBooks |
| Summary: | "Considering the stupendous gain in importance, in the banking and insurance industries since the early 1990’s, of mathematical methodology, especially probabilistic methodology, it was a very natural idea for the French "Académie des Sciences" to propose a series of public lectures, accessible to an educated audience, to promote a wider understanding for some of the fundamental ideas, techniques and new tools of the financial industries.These lectures were given at the "Académie des Sciences" in Paris by internationally renowned experts in mathematical finance, and later written up for this volume which develops, in simple yet rigorous terms, some challenging topics such as risk measures, the notion of arbitrage, dynamic models involving fundamental stochastic processes like Brownian motion and Lévy processes.The Ariadne’s thread leads the reader from Louis Bachelier’s thesis 1900 to the famous Black-Scholes formula of 1973 and to most recent work close to Malliavin’s stochastic calculus of variations. The book also features a description of the trainings of French financial analysts which will help them to become experts in these fast evolving mathematical techniques."--Publisher's website. |
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| Item Description: | "Chapters 1, 2, 6, 7 translated from French original by Kathleen Qechar"--Title page verso. "Original French edition: Aspects des mathématiques financières, published by Lavoisier, Paris, 2006"--Title page verso. |
| Physical Description: | 1 online resource (vii, 80 pages) : illustrations |
| Format: | Mode of access: World Wide Web. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 1281206350 354075265X 9781281206350 9783540752653 |