The mathematics of financial derivatives
Subtitle: a student introduction
By: Paul Wilmott, Sam Howison, Jeff Dewynne.
Contributors: Dewynne, Jeff.; Howison, Sam.
Publisher: Cambridge University Press
Published: 1995
Place of publication: Oxford ; New York
Language: eng
Number of pages: 317
Subjects: Derivative securities -- Mathematical models; Options (Finance) -- Mathematical models; Options (Finance) -- Prices -- Mathematical models
Description: Finance is one of the fastest growing areas in the modern banking and corporate world. This, together with the sophistication of modern financial products, provides a rapidly growing impetus for new mathematical models and modern mathematical methods; the area is an expanding source for novel and relevant 'real world' mathematics.

In this book the authors describe the modeling of financial derivative products from an applied mathematician's viewpoint, from modeling through analysis to elementary computation. A unified approach to modeling derivative products as partial differential equations is presented, using numerical solutions where appropriate. Some mathematics is assumed, but clear explanations are provided for material beyond elementary calculus, probability, and algebra.
Notes: Includes bibliographical references (p. 308-311) and index.

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