Risk Neutral Valuation

This book PDF is perfect for those who love Business & Economics genre, written by Nicholas H. Bingham and published by Springer Science & Business Media which was released on 04 May 2004 with total hardcover pages 426. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Risk Neutral Valuation books below.

Risk Neutral Valuation
Author : Nicholas H. Bingham
File Size : 45,6 Mb
Publisher : Springer Science & Business Media
Language : English
Release Date : 04 May 2004
ISBN : 1852334584
Pages : 426 pages
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Risk Neutral Valuation by Nicholas H. Bingham Book PDF Summary

Since its introduction in the early 1980s, the risk-neutral valuation principle has proved to be an important tool in the pricing and hedging of financial derivatives. Following the success of the first edition of ‘Risk-Neutral Valuation’, the authors have thoroughly revised the entire book, taking into account recent developments in the field, and changes in their own thinking and teaching. In particular, the chapters on Incomplete Markets and Interest Rate Theory have been updated and extended, there is a new chapter on the important and growing area of Credit Risk and, in recognition of the increasing popularity of Lévy finance, there is considerable new material on: · Infinite divisibility and Lévy processes · Lévy-based models in incomplete markets Further material such as exercises, solutions to exercises and lecture slides are also available via the web to provide additional support for lecturers.

Risk Neutral Valuation

Since its introduction in the early 1980s, the risk-neutral valuation principle has proved to be an important tool in the pricing and hedging of financial derivatives. Following the success of the first edition of ‘Risk-Neutral Valuation’, the authors have thoroughly revised the entire book, taking into account recent developments in

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Risk Neutral Valuation

This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated,

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