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Springer Finance

The Mathematics of Arbitrage

Authors: Delbaen, Freddy, Schachermayer, Walter

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eBook $74.99
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  • ISBN 978-3-540-31299-4
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  • Immediate eBook download after purchase
Hardcover $99.00
price for USA
  • ISBN 978-3-540-21992-7
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Softcover $99.00
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  • ISBN 978-3-642-06030-4
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  • Usually dispatched within 3 to 5 business days.
About the authors

Walter Schachermeyer, born in 1950 in Linz, Austria, has received--as the first mathematician--the 1998 Wittgenstein Award, Austria's highest honor for scienctific achievement. Since 1998 he holds the Chair for Actuarial and Financial Mathematics at the Vienna University of Technolgoy. Among his achievements is the proof of the "Fundamental Theorem of Asset Pricing" in its general form, which was done in joint work with Freddy Delbaen.

Freddy Delbaen, born in 1946 in Duffel/Antwerpen, Belgium, is Professor for Financial Mathematics at the ETH in Zurich since 1995.

Reviews

From the reviews:

"As a learning device, I think this works really well. The second half of the book allows readers to ‘put to use’ the mathematics they learn in the first half. I really like the authors’ writing style. They provide plenty of intuitive insights and historical notes along the way as they formally develop concepts. … I recommend it highly to theoretically-inclined financial engineers and researchers." (www.riskbook.com, September, 2006)

"The aim of the book, as the authors state … is to give the reader a guided tour through the mathematics of arbitrage. … The book will be of invaluable help to new researchers in the area of incomplete markets. A new graduate student wishing to do such research would start by reading the papers in the book. She or he now has a very good book to assist this study." (Angelos Dassios, Mathematical Reviews, Issue 2007 a)


Table of contents (15 chapters)

  • The Story in a Nutshell

    Delbaen, Freddy (et al.)

    Pages 3-9

  • Models of Financial Markets on Finite Probability Spaces

    Delbaen, Freddy (et al.)

    Pages 11-32

  • Utility Maximisation on Finite Probability Spaces

    Delbaen, Freddy (et al.)

    Pages 33-56

  • Bachelier and Black-Scholes

    Delbaen, Freddy (et al.)

    Pages 57-69

  • The Kreps-Yan Theorem

    Delbaen, Freddy (et al.)

    Pages 71-83

Buy this book

eBook $74.99
price for USA (gross)
  • ISBN 978-3-540-31299-4
  • 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 978-3-540-21992-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $99.00
price for USA
  • ISBN 978-3-642-06030-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Mathematics of Arbitrage
Authors
Series Title
Springer Finance
Copyright
2006
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-31299-4
DOI
10.1007/978-3-540-31299-4
Hardcover ISBN
978-3-540-21992-7
Softcover ISBN
978-3-642-06030-4
Series ISSN
1616-0533
Edition Number
1
Number of Pages
XVI, 371
Topics