Elementary Stochastic Calculus, with Finance in View
Format: Hardcover
ISBN13: 9789810235437
Hardcover|9789810235437
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Overview
Modelling with the It 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 It calculus and/or stochastic finance.
| ISBN-13 | 9789810235437 |
|---|---|
| ISBN-10 | 9810235437 |
| Weight | 0.99 Pounds |
| Dimensions | 6.00 x 0.56 x 9.00 In |
| List Price | $58.00 |
| Format | Hardcover |
|---|---|
| Language | English |
| Pages | 224 pages |
| Publisher | World Scientific Publishing Company |
| Published On | 1998-11-01 |
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