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An Undergraduate Introduction To Financial Mathematics Third Edition

An Undergraduate Introduction to Financial Mathematics   Third Edition PDF

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Author: J Robert Buchanan
Publisher: World Scientific Publishing Company
ISBN: 9814407461
Size: 19.42 MB
Format: PDF, Docs
Category : Mathematics
Languages : en
Pages : 564
View: 7677

Book Description: This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three- or four-semester sequence of calculus courses. It introduces the theory of interest, discrete and continuous random variables and probability, stochastic processes, linear programming, the Fundamental Theorem of Finance, option pricing, hedging, and portfolio optimization. This third edition expands on the second by including a new chapter on the extensions of the Black-Scholes model of option pricing and a greater number of exercises at the end of each chapter. More background material and exercises added, with solutions provided to the other chapters, allowing the textbook to better stand alone as an introduction to financial mathematics. The reader progresses from a solid grounding in multivariable calculus through a derivation of the Black-Scholes equation, its solution, properties, and applications. The text attempts to be as self-contained as possible without relying on advanced mathematical and statistical topics. The material presented in this book will adequately prepare the reader for graduate-level study in mathematical finance.


An Undergraduate Introduction To Financial Mathematics

An Undergraduate Introduction to Financial Mathematics PDF

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Author: J Robert Buchanan
Publisher: World Scientific Publishing Company
ISBN: 9814365327
Size: 53.54 MB
Format: PDF, Kindle
Category : Mathematics
Languages : en
Pages : 372
View: 1559

Book Description: This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three- or four-semester sequence of calculus courses. It introduces the Theory of Interest, discrete and continuous random variables and probability, stochastic processes, linear programming, the Fundamental Theorem of Finance, option pricing, hedging, and portfolio optimization. The reader progresses from a solid grounding in multi-variable calculus through a derivation of the Black–Scholes equation, its solution, properties, and applications.


Introduction To Stochastic Calculus With Applications 3rd Edition

Introduction To Stochastic Calculus With Applications  3rd Edition  PDF

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Author: Klebaner Fima C
Publisher: World Scientific Publishing Company
ISBN: 1911298674
Size: 64.13 MB
Format: PDF
Category : Mathematics
Languages : en
Pages : 452
View: 5647

Book Description: This book presents a concise and rigorous treatment of stochastic calculus. It also gives its main applications in finance, biology and engineering. In finance, the stochastic calculus is applied to pricing options by no arbitrage. In biology, it is applied to populations' models, and in engineering it is applied to filter signal from noise. Not everything is proved, but enough proofs are given to make it a mathematically rigorous exposition.This book aims to present the theory of stochastic calculus and its applications to an audience which possesses only a basic knowledge of calculus and probability. It may be used as a textbook by graduate and advanced undergraduate students in stochastic processes, financial mathematics and engineering. It is also suitable for researchers to gain working knowledge of the subject. It contains many solved examples and exercises making it suitable for self study.In the book many of the concepts are introduced through worked-out examples, eventually leading to a complete, rigorous statement of the general result, and either a complete proof, a partial proof or a reference. Using such structure, the text will provide a mathematically literate reader with rapid introduction to the subject and its advanced applications. The book covers models in mathematical finance, biology and engineering. For mathematicians, this book can be used as a first text on stochastic calculus or as a companion to more rigorous texts by a way of examples and exercises./a


Choice

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Author:
Publisher:
ISBN:
Size: 40.43 MB
Format: PDF, ePub, Docs
Category : Academic libraries
Languages : en
Pages :
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Mathematical Modeling

Mathematical Modeling PDF

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Author: Stefan Heinz
Publisher: Springer Science & Business Media
ISBN: 9783642203114
Size: 79.36 MB
Format: PDF, ePub, Docs
Category : Computers
Languages : en
Pages : 460
View: 2633

Book Description: The whole picture of Mathematical Modeling is systematically and thoroughly explained in this text for undergraduate and graduate students of mathematics, engineering, economics, finance, biology, chemistry, and physics. This textbook gives an overview of the spectrum of modeling techniques, deterministic and stochastic methods, and first-principle and empirical solutions. Complete range: The text continuously covers the complete range of basic modeling techniques: it provides a consistent transition from simple algebraic analysis methods to simulation methods used for research. Such an overview of the spectrum of modeling techniques is very helpful for the understanding of how a research problem considered can be appropriately addressed. Complete methods: Real-world processes always involve uncertainty, and the consideration of randomness is often relevant. Many students know deterministic methods, but they do hardly have access to stochastic methods, which are described in advanced textbooks on probability theory. The book develops consistently both deterministic and stochastic methods. In particular, it shows how deterministic methods are generalized by stochastic methods. Complete solutions: A variety of empirical approximations is often available for the modeling of processes. The question of which assumption is valid under certain conditions is clearly relevant. The book provides a bridge between empirical modeling and first-principle methods: it explains how the principles of modeling can be used to explain the validity of empirical assumptions. The basic features of micro-scale and macro-scale modeling are discussed – which is an important problem of current research.


Introduction To The Economics And Mathematics Of Financial Markets

Introduction to the Economics and Mathematics of Financial Markets PDF

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Author: Jakša Cvitanić
Publisher: MIT Press
ISBN: 9780262033206
Size: 35.21 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 494
View: 2563

Book Description: An innovative textbook for use in advanced undergraduate and graduate courses; accessible to students in financial mathematics, financial engineering and economics. Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of undergraduate and graduate students. Each chapter presents mathematical models of financial problems at three different degrees of sophistication: single-period, multi-period, and continuous-time. The single-period and multi-period models require only basic calculus and an introductory probability/statistics course, while an advanced undergraduate course in probability is helpful in understanding the continuous-time models. In this way, the material is given complete coverage at different levels; the less advanced student can stop before the more sophisticated mathematics and still be able to grasp the general principles of financial economics. The book is divided into three parts. The first part provides an introduction to basic securities and financial market organization, the concept of interest rates, the main mathematical models, and quantitative ways to measure risks and rewards. The second part treats option pricing and hedging; here and throughout the book, the authors emphasize the Martingale or probabilistic approach. Finally, the third part examines equilibrium models--a subject often neglected by other texts in financial mathematics, but included here because of the qualitative insight it offers into the behavior of market participants and pricing.


Sets Functions And Logic

Sets  Functions  and Logic PDF

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Author: Keith Devlin
Publisher: CRC Press
ISBN: 9780203498736
Size: 23.34 MB
Format: PDF, Kindle
Category : Mathematics
Languages : en
Pages : 160
View: 5104

Book Description: Keith Devlin. You know him. You've read his columns in MAA Online, you've heard him on the radio, and you've seen his popular mathematics books. In between all those activities and his own research, he's been hard at work revising Sets, Functions and Logic, his standard-setting text that has smoothed the road to pure mathematics for legions of undergraduate students. Now in its third edition, Devlin has fully reworked the book to reflect a new generation. The narrative is more lively and less textbook-like. Remarks and asides link the topics presented to the real world of students' experience. The chapter on complex numbers and the discussion of formal symbolic logic are gone in favor of more exercises, and a new introductory chapter on the nature of mathematics--one that motivates readers and sets the stage for the challenges that lie ahead. Students crossing the bridge from calculus to higher mathematics need and deserve all the help they can get. Sets, Functions, and Logic, Third Edition is an affordable little book that all of your transition-course students not only can afford, but will actually read...and enjoy...and learn from. About the Author Dr. Keith Devlin is Executive Director of Stanford University's Center for the Study of Language and Information and a Consulting Professor of Mathematics at Stanford. He has written 23 books, one interactive book on CD-ROM, and over 70 published research articles. He is a Fellow of the American Association for the Advancement of Science, a World Economic Forum Fellow, and a former member of the Mathematical Sciences Education Board of the National Academy of Sciences,. Dr. Devlin is also one of the world's leading popularizers of mathematics. Known as "The Math Guy" on NPR's Weekend Edition, he is a frequent contributor to other local and national radio and TV shows in the US and Britain, writes a monthly column for the Web journal MAA Online, and regularly writes on mathematics and computers for the British newspaper The Guardian.


Introduction To Topology

Introduction to Topology PDF

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Author: Bert Mendelson
Publisher: Courier Corporation
ISBN: 0486135098
Size: 36.76 MB
Format: PDF
Category : Mathematics
Languages : en
Pages : 224
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Book Description: Concise undergraduate introduction to fundamentals of topology — clearly and engagingly written, and filled with stimulating, imaginative exercises. Topics include set theory, metric and topological spaces, connectedness, and compactness. 1975 edition.


Introduction To Calculus And Classical Analysis

Introduction to Calculus and Classical Analysis PDF

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Author: Omar Hijab
Publisher: Springer Science & Business Media
ISBN: 0387693165
Size: 55.63 MB
Format: PDF, Mobi
Category : Mathematics
Languages : en
Pages : 342
View: 1825

Book Description: Intended for an honors calculus course or for an introduction to analysis, this is an ideal text for undergraduate majors since it covers rigorous analysis, computational dexterity, and a breadth of applications. The book contains many remarkable features: * complete avoidance of /epsilon-/delta arguments by using sequences instead * definition of the integral as the area under the graph, while area is defined for every subset of the plane * complete avoidance of complex numbers * heavy emphasis on computational problems * applications from many parts of analysis, e.g. convex conjugates, Cantor set, continued fractions, Bessel functions, the zeta functions, and many more * 344 problems with solutions in the back of the book.


An Introduction To Difference Equations

An Introduction to Difference Equations PDF

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Author: Saber Elaydi
Publisher: Springer Science & Business Media
ISBN: 0387230599
Size: 66.81 MB
Format: PDF, ePub
Category : Mathematics
Languages : en
Pages : 540
View: 2754

Book Description: A must-read for mathematicians, scientists and engineers who want to understand difference equations and discrete dynamics Contains the most complete and comprehenive analysis of the stability of one-dimensional maps or first order difference equations. Has an extensive number of applications in a variety of fields from neural network to host-parasitoid systems. Includes chapters on continued fractions, orthogonal polynomials and asymptotics. Lucid and transparent writing style


Mathematical Methods For Physics And Engineering

Mathematical Methods for Physics and Engineering PDF

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Author: K. F. Riley
Publisher: Cambridge University Press
ISBN: 1139450999
Size: 10.42 MB
Format: PDF, Kindle
Category : Science
Languages : en
Pages :
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Book Description: The third edition of this highly acclaimed undergraduate textbook is suitable for teaching all the mathematics for an undergraduate course in any of the physical sciences. As well as lucid descriptions of all the topics and many worked examples, it contains over 800 exercises. New stand-alone chapters give a systematic account of the 'special functions' of physical science, cover an extended range of practical applications of complex variables, and give an introduction to quantum operators. Further tabulations, of relevance in statistics and numerical integration, have been added. In this edition, half of the exercises are provided with hints and answers and, in a separate manual available to both students and their teachers, complete worked solutions. The remaining exercises have no hints, answers or worked solutions and can be used for unaided homework; full solutions are available to instructors on a password-protected web site, www.cambridge.org/9780521679718.