An Introduction to Mathematical Finance
Subtitle: Options and Other Topics
Publisher: Cambridge University Press
Published: August 28, 1999
Language: eng
Format: Hardcover
Number of pages: 200
ISBN-13: 9780521770439
Subjects: Applied mathematics; Investment & securities; Probability & statistics; Probability & Statistics - General; Investments & Securities - Options; Investment Analysis; Mathematical Models In Economics; Stochastic analysis; Mathematics; Business / Economics / Finance; Options (Finance); Science/Mathematics; Applied; Finance; Investments--Mathematics; Mathematics / Applied; Investments & Securities - General; Investments; Mathematical models
First sentence: Consider an experiment and let S, called the sample space, be the set of all possible outcomes of the experiment.
Description: "This elementary introduction to the theory of options pricing presents the Black-Scholes theory of options as well as such general topics in finance as the time value of money, rate of return of an investment cash-flow sequence, utility functions and expected utility maximization, mean variance analysis, optimal portfolio selection, and the capital assets pricing model." "The author assumes no prior knowledge of probability and presents all the necessary preliminary material simply and clearly in chapters on probability, normal random variables, and the geometric Brownian motion model that underlies the Black-Scholes theory. This book will appeal to professional traders as well as undergraduates studying the basics of finance."--Jacket.