Hypermodels in Mathematical Finance

Hypermodels in Mathematical Finance
Author :
Publisher : World Scientific
Total Pages : 313
Release :
ISBN-10 : 9789810244286
ISBN-13 : 9810244282
Rating : 4/5 (86 Downloads)

Book Synopsis Hypermodels in Mathematical Finance by : Siu-Ah Ng

Download or read book Hypermodels in Mathematical Finance written by Siu-Ah Ng and published by World Scientific. This book was released on 2003 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the beginning of the new millennium, two unstoppable processes are taking place in the world: (1) globalization of the economy; (2) information revolution. As a consequence, there is greater participation of the world population in capital market investment, such as bonds and stocks and their derivatives. Hence there is a need for risk management and analytic theory explaining the market. This leads to quantitative tools based on mathematical methods, i.e. the theory of mathematical finance.Ever since the pioneer work of Black, Scholes and Merton in the 70's, there has been rapid growth in the study of mathematical finance, involving ever more sophisticated mathematics. However, from the practitioner's point of view, it is desirable to have simpler and more useful mathematical tools.This book introduces research students and practitioners to the intuitive but rigorous hypermodel techniques in finance. It is based on Robinson's infinitesimal analysis, which is easily grasped by anyone with as little background as first-year calculus. It covers topics such as pricing derivative securities (including the Black-Scholes formula), hedging, term structure models of interest rates, consumption and equilibrium. The reader is introduced to mathematical tools needed for the aforementioned topics. Mathematical proofs and details are given in an appendix. Some programs in MATHEMATICA are also included.


Hypermodels in Mathematical Finance Related Books

Hypermodels in Mathematical Finance
Language: en
Pages: 313
Authors: Siu-Ah Ng
Categories: Business & Economics
Type: BOOK - Published: 2003 - Publisher: World Scientific

DOWNLOAD EBOOK

At the beginning of the new millennium, two unstoppable processes aretaking place in the world: (1) globalization of the economy; (2)information revolution. As
Hypermodels In Mathematical Finance: Modelling Via Infinitesimal Analysis
Language: en
Pages: 313
Authors: Siu-ah Ng
Categories: Business & Economics
Type: BOOK - Published: 2003-01-23 - Publisher: World Scientific

DOWNLOAD EBOOK

At the beginning of the new millennium, two unstoppable processes are taking place in the world: (1) globalization of the economy; (2) information revolution. A
Mathematical Reviews
Language: en
Pages: 1770
Authors:
Categories: Mathematics
Type: BOOK - Published: 2004 - Publisher:

DOWNLOAD EBOOK

Quantitative Analysis in Financial Markets
Language: en
Pages: 372
Authors: Marco Avellaneda
Categories: Mathematics
Type: BOOK - Published: 1999 - Publisher: World Scientific

DOWNLOAD EBOOK

Contains lectures presented at the Courant Institute's Mathematical Finance Seminar.
Modelling Financial Time Series
Language: en
Pages: 297
Authors: Stephen J. Taylor
Categories: Business & Economics
Type: BOOK - Published: 2008 - Publisher: World Scientific

DOWNLOAD EBOOK

This book contains several innovative models for the prices of financial assets. First published in 1986, it is a classic text in the area of financial economet