an introduction to the mathematics of finance a deterministic approach

Download Book An Introduction To The Mathematics Of Finance A Deterministic Approach in PDF format. You can Read Online An Introduction To The Mathematics Of Finance A Deterministic Approach here in PDF, EPUB, Mobi or Docx formats.

An Introduction To The Mathematics Of Finance

Author : Stephen Garrett
ISBN : 9780080982755
Genre : Mathematics
File Size : 21. 44 MB
Format : PDF, ePub, Mobi
Download : 480
Read : 740

Get This Book


An Introduction to the Mathematics of Finance: A Deterministic Approach, 2e, offers a highly illustrated introduction to mathematical finance, with a special emphasis on interest rates. This revision of the McCutcheon-Scott classic follows the core subjects covered by the first professional exam required of UK actuaries, the CT1 exam. It realigns the table of contents with the CT1 exam and includes sample questions from past exams of both The Actuarial Profession and the CFA Institute. With a wealth of solved problems and interesting applications, An Introduction to the Mathematics of Finance stands alone in its ability to address the needs of its primary target audience, the actuarial student. Closely follows the syllabus for the CT1 exam of The Institute and Faculty of Actuaries Features new content and more examples Online supplements available: http://booksite.elsevier.com/9780080982403/ Includes past exam questions from The Institute and Faculty of Actuaries and the CFA Institute

An Introduction To The Mathematics Of Finance

Author : Stephen Garrett
ISBN : 0080982409
Genre : Business & Economics
File Size : 77. 10 MB
Format : PDF, Kindle
Download : 674
Read : 356

Get This Book


"Introduction -- Theory of Interest Rates -- The Basic Compound Interest Functions -- Further Compound Interest Functions -- Repayment Schedules -- Project Appraisal and Investment Performance -- The Valuation of Securities -- Capital Gains Tax -- Yield Curves and Immunization"--Site web de l'éditeur.

An Introduction To The Mathematics Of Finance

Author : Stephen Garrett
ISBN : 0081013027
Genre : Business & Economics
File Size : 20. 97 MB
Format : PDF, ePub, Mobi
Download : 867
Read : 1291

Get This Book


"An Introduction to the Mathematics of Finance: A Deterministic Approach, 2e, " offers a highly illustrated introduction to mathematical finance, with a special emphasis on interest rates.This revision of the McCutcheon-Scottclassicfollows the core subjects covered by the first professional exam required of UK actuaries, the CT1 exam.It realigns the table of contents with the CT1 exam and includes sample questions from past exams of both The Actuarial Professionand the CFA Institute. With a wealthof solved problems and interesting applications, "An Introduction to the Mathematics of Finance" stands alone in" "its ability to address the needs of its primary target audience, the actuarial student. Closely follows the syllabus for the CT1 exam of The Institute and Faculty of ActuariesFeatures new content andmore examplesOnline supplements available: http: //booksite.elsevier.com/9780080982403/Includes past exam questions from The Institute and Faculty of Actuaries and the CFA Institute"

An Introduction To The Mathematics Of Finance

Author : Stephen Garrett
ISBN : 0080982409
Genre : Business & Economics
File Size : 39. 48 MB
Format : PDF, Docs
Download : 766
Read : 1244

Get This Book


"Introduction -- Theory of Interest Rates -- The Basic Compound Interest Functions -- Further Compound Interest Functions -- Repayment Schedules -- Project Appraisal and Investment Performance -- The Valuation of Securities -- Capital Gains Tax -- Yield Curves and Immunization"--Site web de l'éditeur.

Fundamentals Of Actuarial Mathematics

Author : S. David Promislow
ISBN : 9781118782460
Genre : Mathematics
File Size : 20. 90 MB
Format : PDF
Download : 953
Read : 227

Get This Book



Financial And Actuarial Statistics

Author : Dale S. Borowiak
ISBN : 9781420085808
Genre : Mathematics
File Size : 21. 50 MB
Format : PDF
Download : 756
Read : 893

Get This Book


Understand Up-to-Date Statistical Techniques for Financial and Actuarial Applications Since the first edition was published, statistical techniques, such as reliability measurement, simulation, regression, and Markov chain modeling, have become more prominent in the financial and actuarial industries. Consequently, practitioners and students must acquire strong mathematical and statistical backgrounds in order to have successful careers. Financial and Actuarial Statistics: An Introduction, Second Edition enables readers to obtain the necessary mathematical and statistical background. It also advances the application and theory of statistics in modern financial and actuarial modeling. Like its predecessor, this second edition considers financial and actuarial modeling from a statistical point of view while adding a substantial amount of new material. New to the Second Edition Nomenclature and notations standard to the actuarial field Excel exercises with solutions, which demonstrate how to use Excel functions for statistical and actuarial computations Problems dealing with standard probability and statistics theory, along with detailed equation links A chapter on Markov chains and actuarial applications Expanded discussions of simulation techniques and applications, such as investment pricing Sections on the maximum likelihood approach to parameter estimation as well as asymptotic applications Discussions of diagnostic procedures for nonnegative random variables and Pareto, lognormal, Weibull, and left truncated distributions Expanded material on surplus models and ruin computations Discussions of nonparametric prediction intervals, option pricing diagnostics, variance of the loss function associated with standard actuarial models, and Gompertz and Makeham distributions Sections on the concept of actuarial statistics for a collection of stochastic status models The book presents a unified approach to both financial and actuarial modeling through the use of general status structures. The authors define future time-dependent financial actions in terms of a status structure that may be either deterministic or stochastic. They show how deterministic status structures lead to classical interest and annuity models, investment pricing models, and aggregate claim models. They also employ stochastic status structures to develop financial and actuarial models, such as surplus models, life insurance, and life annuity models.

An Introduction To The Mathematics Of Financial Derivatives

Author : Ali Hirsa
ISBN : 9780123846839
Genre : Mathematics
File Size : 61. 1 MB
Format : PDF, Kindle
Download : 339
Read : 1235

Get This Book


An Introduction to the Mathematics of Financial Derivatives is a popular, intuitive text that eases the transition between basic summaries of financial engineering to more advanced treatments using stochastic calculus. Requiring only a basic knowledge of calculus and probability, it takes readers on a tour of advanced financial engineering. This classic title has been revised by Ali Hirsa, who accentuates its well-known strengths while introducing new subjects, updating others, and bringing new continuity to the whole. Popular with readers because it emphasizes intuition and common sense, An Introduction to the Mathematics of Financial Derivatives remains the only "introductory" text that can appeal to people outside the mathematics and physics communities as it explains the hows and whys of practical finance problems. Facilitates readers' understanding of underlying mathematical and theoretical models by presenting a mixture of theory and applications with hands-on learning Presented intuitively, breaking up complex mathematics concepts into easily understood notions Encourages use of discrete chapters as complementary readings on different topics, offering flexibility in learning and teaching

Elementary Stochastic Calculus With Finance In View

Author : Thomas Mikosch
ISBN : 9810235437
Genre : Mathematics
File Size : 25. 17 MB
Format : PDF, ePub, Mobi
Download : 198
Read : 928

Get This Book


Modelling with the Ito integral or stochastic differential equations has become increasingly important in various applied fields, including physics, biology, chemistry and finance. However, stochastic calculus is based on a deep mathematical theory. This book is suitable for the reader without a deep mathematical background. It gives an elementary introduction to that area of probability theory, without burdening the reader with a great deal of measure theory. Applications are taken from stochastic finance. In particular, the Black -- Scholes option pricing formula is derived. The book can serve as a text for a course on stochastic calculus for non-mathematicians or as elementary reading material for anyone who wants to learn about Ito calculus and/or stochastic finance.

Tools For Computational Finance

Author : Rüdiger U. Seydel
ISBN : 9781447173380
Genre : Mathematics
File Size : 42. 14 MB
Format : PDF, ePub
Download : 824
Read : 1134

Get This Book


Computational and numerical methods are used in a number of ways across the field of finance. It is the aim of this book to explain how such methods work in financial engineering. By concentrating on the field of option pricing, a core task of financial engineering and risk analysis, this book explores a wide range of computational tools in a coherent and focused manner and will be of use to anyone working in computational finance. Starting with an introductory chapter that presents the financial and stochastic background, the book goes on to detail computational methods using both stochastic and deterministic approaches. Now in its sixth edition, Tools for Computational Finance has been significantly revised and contains: Several new parts such as a section on extended applications of tree methods, including multidimensional trees, trinomial trees, and the handling of dividends; Additional material in the field of generating normal variates with acceptance-rejection methods, and on Monte Carlo methods; 115 exercises, and more than 100 figures, many in color. Written from the perspective of an applied mathematician, all methods are introduced for immediate and straightforward application. A ‘learning by calculating’ approach is adopted throughout this book, enabling readers to explore several areas of the financial world. Interdisciplinary in nature, this book will appeal to advanced undergraduate and graduate students in mathematics, engineering, and other scientific disciplines as well as professionals in financial engineering.

Methods Of Mathematical Finance

Author : Ioannis Karatzas
ISBN : 9781493968459
Genre : Mathematics
File Size : 76. 45 MB
Format : PDF, Mobi
Download : 570
Read : 241

Get This Book


This sequel to Brownian Motion and Stochastic Calculus by the same authors develops contingent claim pricing and optimal consumption/investment in both complete and incomplete markets, within the context of Brownian-motion-driven asset prices. The latter topic is extended to a study of equilibrium, providing conditions for existence and uniqueness of market prices which support trading by several heterogeneous agents. Although much of the incomplete-market material is available in research papers, these topics are treated for the first time in a unified manner. The book contains an extensive set of references and notes describing the field, including topics not treated in the book. This book will be of interest to researchers wishing to see advanced mathematics applied to finance. The material on optimal consumption and investment, leading to equilibrium, is addressed to the theoretical finance community. The chapters on contingent claim valuation present techniques of practical importance, especially for pricing exotic options.

Top Download:

Best Books