Wow! eBook
The Mathematics of Arbitrage (Springer Finance)
by: Freddy Delbaen (Author), Walter Schachermayer (Author)
Publisher: Springer
Edition: First Edition
Publication Date: 2005-12-16
Language: English
Print Length: 387 pages
ISBN-10: 3540219927
ISBN-13: 9783540219927
Book Description
This book presents a rigorous mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of “no arbitrage”. The first part presents a relatively elementary introduction, restricting itself to the case of finite probability spaces. The second part consists of an updated edition of seven original research papers by the authors, which analyzes the topic in the general framework of semi-martingale theory.
Editorial Reviews
This book presents a rigorous mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of “no arbitrage”. The first part presents a relatively elementary introduction, restricting itself to the case of finite probability spaces. The second part consists of an updated edition of seven original research papers by the authors, which analyzes the topic in the general framework of semi-martingale theory.
