Springer Texts in Business and Economics
cover

Money and Mathematics

A Conversational Approach to Modern Financial Mathematics and Insurance

Authors: Korn, Ralf, Luderer, Bernd

  • Uses an innovative, dialogue-based approach to understand financial mathematics
  • Introduces the terms and methods of modern financial mathematics
  • Addresses the problems confronted in banking, financial markets, and insurance
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eBook $69.99
price for USA in USD
  • Due: January 2, 2022
  • ISBN 978-3-658-34677-5
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $89.99
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week). Pre-ordered printed titles are excluded from promotions.
  • Due: December 5, 2021
  • ISBN 978-3-658-34676-8
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Shipping restrictions
About this Textbook

This book follows a conversational approach in five dozen stories that provide an insight into the colorful world of financial mathematics and financial markets in a relaxed, accessible and entertaining form. The authors present various topics such as returns, real interest rates, present values, arbitrage, replication, options, swaps, the Black-Scholes formula and many more. The readers will learn how to discover, analyze, and deal with the many financial mathematical decisions the daily routine constantly demands.

The book covers a wide field in terms of scope and thematic diversity. Numerous stories are inspired by the fields of deterministic financial mathematics, option valuation, portfolio optimization and actuarial mathematics. The book also contains a collection of basic concepts and formulas of financial mathematics and of probability theory. Thus, also readers new to the subject will be provided with all the necessary information to verify the calculations.

 

About the authors

Prof. Dr. Ralf Korn teaches at the Department of Mathematics at the University of Kaiserslautern (Germany). He collaborates with the Fraunhofer ITWM on research projects for the finance and insurance industry. He was previously the Chairman of the German Society for Insurance and Financial Mathematics (2015-2019) and has authored several successful books on financial mathematics. He is also the co-Editor of the European Actuarial Journal (Springer), and Editor of 'Series in Quantitative Finance' (World Scientific).
Prof. Dr. Bernd Luderer taught at the Faculty of Mathematics at the Chemnitz University ofTechnology (Germany). He is the Editor of the German-language series 'Studienbücher Wirtschaftsmathematik' (Springer), and author of numerous successful textbooks on business and financial mathematics.

Buy this book

eBook $69.99
price for USA in USD
  • Due: January 2, 2022
  • ISBN 978-3-658-34677-5
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $89.99
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week). Pre-ordered printed titles are excluded from promotions.
  • Due: December 5, 2021
  • ISBN 978-3-658-34676-8
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Shipping restrictions
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Bibliographic Information

Bibliographic Information
Book Title
Money and Mathematics
Book Subtitle
A Conversational Approach to Modern Financial Mathematics and Insurance
Authors
Series Title
Springer Texts in Business and Economics
Copyright
2021
Publisher
Springer
Copyright Holder
Springer Fachmedien Wiesbaden GmbH, part of Springer Nature
eBook ISBN
978-3-658-34677-5
DOI
10.1007/978-3-658-34677-5
Hardcover ISBN
978-3-658-34676-8
Series ISSN
2192-4333
Edition Number
1
Number of Pages
XIV, 325
Number of Illustrations
2 b/w illustrations, 46 illustrations in colour
Topics