Introduction The tools of modern portfolio theory1 are in general use in the equity markets, either in the form of portfolio optimization software or as an accepted framework in which the asset managers think about stock selection.2 In the...
Semi-Markov Risk Models for Finance, Insurance and Reliability (Hardcover) by Jacques Janssen (Author), Raimondo Manca (Author) ----------------------------------------------------------------------------------------------- Hardcover: 430...
Editorial Reviews Product Description This book is intended as an introduction to optimal stochastic control for continuous time Markov processes and to the theory of viscosity solutions. The authors approach stochastic control problems by...
A Non-Random Walk Down Wall Street Andrew W. Lo and A. Craig MacKinlay, Princeton, NJ: Princeton University Press 41 William Street, Princeton, New Jersey 08540 USA (Excerpt from book cover) For over half a century, financial experts have...
Option Pricing: Mathematical Models and Computation By Paul Wilmott, Jeff Dewynne, Sam Howison Publisher: Oxford Financial Press Number Of Pages: 457 Publication Date: 1994-05-01 ISBN-10 / ASIN: 0952208202 ISBN-13 / EAN: 9780952208204 Bind...
Topics Covered What Is A Corporation? The Role of The Financial Manager Who Is The Financial Manager? Separation of Ownership and Management Financial Markets...
1.1 Arbitrage The notion of arbitrage is crucial to the modern theory of Finance. It is the corner-stone of the option pricing theory due to F. Black, R. Merton and M. Scholes [BS 73], [M 73] (published in 1973, honoured by the Nobel prize...
Pricing Interest-Rate Derivatives A Fourier-Transform Based Approach 1Introduction ...............................................1 1.1MotivationandObjectives................................1 1.2StructureoftheThesis...........................
1 Introduction 1 2 The Term Structure of Interest Rates 5 2.1 Notation and Basic Interest Rate Relationships 5 2.2 Data Set and Some Stylized Facts 7 3 Discrete-Time Models of the Term Structure 13 3.1 Arbitrage, the Pricing Kernel and the...
Editorial Reviews Product Description Quantitative Corporate Finance is designed to be an advanced graduate corporate financial management textbook. The book will address several problems in contemporary corporate finance: optimal capital...
