Authors:
- One of the first textbooks at this level to be aimed specifically at mathematicians
- Combines financial motivation with mathematical style
- Ideally suited for independent study: it is self-contained and includes numerous exercises, problems and examples
- Provides essential prerequisite reading for the more advanced texts on the mathematics of finance
Part of the book series: Springer Undergraduate Mathematics Series (SUMS)
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Table of contents (11 chapters)
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Front Matter
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Back Matter
About this book
Reviews
From the reviews:
"This text is an excellent introduction to Mathematical Finance. Armed with a knowledge of basic calculus and probability a student can use this book to learn about derivatives, interest rates and their term structure and portfolio management. The text serves as an easily understood introduction to the economic concepts but also manages to cover the topics in a mathematically rigorous manner."
Zentralblatt MATH
"For the most part, the authors employ just pre-calculus and basic probability theory. Almost all concepts are presented in discrete time. Only later in the book is a small account of calculus and linear algebra used. Given these basic tools, it is surprising how high a level of sophistication the authors achieve, covering such topics as arbitrage-free valuation, binomial trees, and risk-neutral valuation... Despite its elementary nature, the book is mathematically VERY formal. This is excellent for clarifying definitions. Notions such as arbitrage or admissible portfolio are indicated with mathematical precision. The result is mathematically elegant and will appeal to students who have a degree of mathematical sophistication."
www.riskbook.com
"As the authors modestly announce … the book ‘is an excellent financial investment. … The level of exposition is pretty basic … . That makes the book accessible to second year undergraduate students (not only for students of mathematics, but hopefully also for students of business management, finance and economics). … the overall impression of the book is quite positive. The reviewer can only congratulate the authors with successful completion of a difficult task of writing a useful textbook on a traditionally hard topic." (K. Borovkov, The Australian Mathematical Society Gazette, Vol. 31 (4), 2004)
"This text is an excellent introduction to Mathematical Finance. … The text serves as an easily understood introduction to the economicconcepts … . The book contains many worked examples and exercises and would make a useful textbook for a first course in Financial Mathematics." (Julann O’Shea, Zentralblatt MATH, Vol. 1035, 2004)
"Designed to form the basis of an undergraduate course in mathematical finance, the text builds on mathematical models of bond and stock prices … . It covers the material … at a level accessible to second or third year undergraduate students. … provides ample material for tutorials, and makes the book ideal for self-study. It is suitable not only for students of mathematics, but also students of business management, finance and economics, and anyone with an interest in finance … ." (Zentralblatt für Didaktik der Mathematik, August, 2004)
"The book … is designed as a textbook for an undergraduate course aimed at 2nd or 3rd year mathematics students and also of business management or economics. … the authors have tried to aim their book at too wide a potential readership. … the authors have written a very useful book. … are to be applauded for the broad scope of this book. … The book contains a number of exercises … . Worked solutions are given at the back … . " (David Applebaum, The Mathematical Gazette, Vol. 88 (512), 2004)
Authors and Affiliations
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Nowy Sącz School of Business-National Louis University, Nowy Sącz, Poland
Marek Capiński
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Department of Mathematics, University of Hull, Kingston upon Hull, UK
Tomasz Zastawniak
Bibliographic Information
Book Title: Mathematics for Finance
Book Subtitle: An Introduction to Financial Engineering
Authors: Marek Capiński, Tomasz Zastawniak
Series Title: Springer Undergraduate Mathematics Series
DOI: https://doi.org/10.1007/b97511
Publisher: Springer London
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eBook Packages: Springer Book Archive
Copyright Information: Springer-Verlag London 2003
eBook ISBN: 978-1-85233-846-6Published: 18 April 2006
Series ISSN: 1615-2085
Series E-ISSN: 2197-4144
Edition Number: 1
Number of Pages: X, 314
Topics: Public Economics, Quantitative Finance, Finance, general