Overview
- Explains the mathematical background of modern financial theory
- Provides numerous illustrative examples that can be understood with basic mathematical knowledge
- Focusses on the practice by abstaining from elaborating proofs
Part of the book series: Springer Texts in Business and Economics (STBE)
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Table of contents (7 chapters)
Keywords
About this book
This open access textbook is the first to provide Business and Economics Ph.D. students with a precise and intuitive introduction to the formal backgrounds of modern financial theory. It explains Brownian motion, random processes, measures, and Lebesgue integrals intuitively, but without sacrificing the necessary mathematical formalism, making them accessible for readers with little or no previous knowledge of the field. It also includes mathematical definitions and the hidden stories behind the terms discussing why the theories are presented in specific ways.
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Authors and Affiliations
About the authors
Andreas Löffler received his postdoctoral qualification (habilitation) in Mathematics and Economics from the University of Leipzig and Free University Berlin, Germany, and has been a Professor of Banking and Finance at the Department of Finance, Accounting and Taxation of the Free University of Berlin since 2012.
Lutz Kruschwitz is a Professor Emeritus of Banking and Finance at the Free University of Berlin, Germany.
Bibliographic Information
Book Title: The Brownian Motion
Book Subtitle: A Rigorous but Gentle Introduction for Economists
Authors: Andreas Löffler, Lutz Kruschwitz
Series Title: Springer Texts in Business and Economics
DOI: https://doi.org/10.1007/978-3-030-20103-6
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Author(s) 2019
Hardcover ISBN: 978-3-030-20102-9Published: 16 July 2019
Softcover ISBN: 978-3-030-20105-0Published: 14 August 2020
eBook ISBN: 978-3-030-20103-6Published: 03 July 2019
Series ISSN: 2192-4333
Series E-ISSN: 2192-4341
Edition Number: 1
Number of Pages: X, 125
Number of Illustrations: 34 b/w illustrations, 15 illustrations in colour
Topics: Finance, general, Economic Theory/Quantitative Economics/Mathematical Methods, Business Finance, Quantitative Finance, Statistics for Business, Management, Economics, Finance, Insurance