Springer Finance Textbooks

Risk-Neutral Valuation

Pricing and Hedging of Financial Derivatives

Authors: Bingham, Nicholas H., Kiesel, Rüdiger

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eBook $69.99
price for USA (gross)
  • ISBN 978-1-4471-3856-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.00
price for USA
  • ISBN 978-1-85233-458-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $99.00
price for USA
  • ISBN 978-1-84996-873-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this Textbook

Since its introduction in the early 1980s, the risk-neutral valuation principle has proved to be an important tool in the pricing and hedging of financial derivatives. Following the success of the first edition of ‘Risk-Neutral Valuation’, the authors have thoroughly revised the entire book, taking into account recent developments in the field, and changes in their own thinking and teaching. In particular, the chapters on Incomplete Markets and Interest Rate Theory have been updated and extended, there is a new chapter on the important and growing area of Credit Risk and, in recognition of the increasing popularity of Lévy finance, there is considerable new material on: · Infinite divisibility and Lévy processes · Lévy-based models in incomplete markets Further material such as exercises, solutions to exercises and lecture slides are also available via the web to provide additional support for lecturers.

Reviews

Authors of financial engineering texts face a quandary: how technical to make a book? It is easy to alienate readers by being too technical, but it is just as easy to write a fluff book that communicates nothing of substance. With this book, authors Bingham and Kiesel have got the balance just right... It is mathematically rigorous but with a practical, reader-oriented focus. Results are expressed formally as mathematical theorems, but the authors skip most proofs. The narrative moves along at a nice clip so you never get bogged down in minutia... Who is the book for? Almost anyone who has a strong background in maths and wants a command of financial engineering theory. www.riskbook.com


Table of contents (9 chapters)

  • Derivative Background

    Bingham, Nicholas H. (et al.)

    Pages 1-27

  • Probability Background

    Bingham, Nicholas H. (et al.)

    Pages 29-73

  • Stochastic Processes in Discrete Time

    Bingham, Nicholas H. (et al.)

    Pages 75-99

  • Mathematical Finance in Discrete Time

    Bingham, Nicholas H. (et al.)

    Pages 101-151

  • Stochastic Processes in Continuous Time

    Bingham, Nicholas H. (et al.)

    Pages 153-228

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-1-4471-3856-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.00
price for USA
  • ISBN 978-1-85233-458-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $99.00
price for USA
  • ISBN 978-1-84996-873-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Risk-Neutral Valuation
Book Subtitle
Pricing and Hedging of Financial Derivatives
Authors
Series Title
Springer Finance Textbooks
Copyright
2004
Publisher
Springer-Verlag London
Copyright Holder
Springer-Verlag London
eBook ISBN
978-1-4471-3856-3
DOI
10.1007/978-1-4471-3856-3
Hardcover ISBN
978-1-85233-458-1
Softcover ISBN
978-1-84996-873-7
Edition Number
2
Number of Pages
XVIII, 438
Topics