Introduction to Stochastic Calculus for Finance: A New Didactic Approach (Repost)
Introduction to Stochastic Calculus for Finance: A New Didactic Approach By Dieter Sondermann
2007 | 138 Pages | ISBN: 3540348360 | PDF | 1 MB
2007 | 138 Pages | ISBN: 3540348360 | PDF | 1 MB
Although there are many textbooks on stochastic calculus applied to finance, this volume earns its place with a pedagogical approach. The text presents a quick (but by no means "dirty") road to the tools required for advanced finance in continuous time, including option pricing by martingale methods, term structure models in a HJM-framework and the Libor market model. The reader should be familiar with elementary real analysis and basic probability theory.