{"product_id":"introduction-to-stochastic-calculus-applied-to-finance-9781032477817","title":"Introduction to Stochastic Calculus Applied to Finance","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003e\n\u003cbr\u003eThe second edition of Introduction to Stochastic Calculus Applied to Finance is an accessible, up-to-date initiation to the field, incorporating new techniques and concepts such as discrete models, local volatility, Dupire's formula, forward measures, and credit risk modeling. It also includes additional exercises and problems. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Paperback \/ softback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 254 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 21 January 2023\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Taylor \u0026amp; Francis Ltd\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eSince the publication of the first edition of this book, the area of mathematical finance has experienced a remarkable expansion, with financial analysts employing increasingly sophisticated mathematical concepts, such as stochastic integration, to describe the behavior of markets and to derive computing methods. In order to maintain the lucid style that made its popular predecessor, Introduction to Stochastic Calculus Applied to Finance, a widely adopted text, approachable and up-to-date, the Second Edition incorporates some of these new techniques and concepts.\u003cbr\u003e\u003cbr\u003eNew to the Second Edition:\u003cbr\u003eComplements on discrete models, including Rogers' approach to the fundamental theorem of asset pricing and super-replication in incomplete markets\u003cbr\u003eDiscussions on local volatility, Dupire's formula, the change of numéraire techniques, forward measures, and the forward Libor model\u003cbr\u003eA new chapter on credit risk modeling\u003cbr\u003eAn extension of the chapter on simulation with numerical experiments that illustrate variance reduction techniques and hedging strategies\u003cbr\u003eAdditional exercises and problems\u003cbr\u003e\u003cbr\u003eProviding all of the necessary stochastic calculus theory, the authors cover a wide range of key finance topics, including martingales, arbitrage, option pricing, American and European options, the Black-Scholes model, optimal hedging, and the computer simulation of financial models. Their efforts result in a solid introduction to stochastic approaches used in the financial world.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 392g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 154 x 234 x 18 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9781032477817\u003cbr\u003e \u003cstrong\u003eEdition number\u003c\/strong\u003e: 2 ed\u003c\/p\u003e","brand":"Damien Lamberton,BernardLapeyre","offers":[{"title":"Paperback \/ softback","offer_id":44104593408250,"sku":"9781032477817","price":47.59,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/noImage_1_be1bf34f-49f2-4a82-b260-24093db18c4b.jpg?v=1676914089","url":"https:\/\/shulphink.com\/products\/introduction-to-stochastic-calculus-applied-to-finance-9781032477817","provider":"Shulph Ink","version":"1.0","type":"link"}