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Universitext

Introduction to Stochastic Finance

Authors: Yan, Jia-An

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  • Gives a systematic introduction to the basic theory of financial mathematics, with an emphasis on applications of martingale methodsIncludes general theory of static risk measures, basic concepts and results on markets of semimartingale model,  and a numeraire-free and original probability based framework for financial markets
  • An excellent introductory course of mathematical finance for graduate students
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eBook $59.99
price for USA in USD
  • ISBN 978-981-13-1657-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $74.99
price for USA in USD
About this Textbook

This book gives a systematic introduction to the basic theory of financial mathematics, with an emphasis on applications of martingale methods in pricing and hedging of contingent claims, interest rate term structure models, and expected utility maximization problems. The general theory of static risk measures, basic concepts and results on markets of semimartingale model,  and a numeraire-free and original probability based framework for financial markets are also included. The basic theory of probability and Ito's theory of stochastic analysis, as preliminary knowledge, are presented.

About the authors

Professor Jia-An Yan is a Professor of Institute of Applied Mathematics, Academy of Mathematics and System Sciences, Chinese Academy of Sciences. He is a Member of the Chinese Academy of Sciences and he has served as Editor-in-Chief of Acta Mathematicae Applicatae Sinica and members of several editorial boards. His main research area is stochastic analysis and mathematical finance.

Reviews

“The monograph is a wonderful text for graduate courses in mathematical finance and related fields. … The materials presented in the monograph are organised in a thoughtful way.” (Tak Kuen Siu, zbMATH 1420.91001, 2019)


Table of contents (14 chapters)

Table of contents (14 chapters)

Buy this book

eBook $59.99
price for USA in USD
  • ISBN 978-981-13-1657-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $74.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Introduction to Stochastic Finance
Authors
Series Title
Universitext
Copyright
2018
Publisher
Springer Singapore
Copyright Holder
Springer Nature Singapore Pte Ltd. and Science Press
eBook ISBN
978-981-13-1657-9
DOI
10.1007/978-981-13-1657-9
Softcover ISBN
978-981-13-1656-2
Series ISSN
0172-5939
Edition Number
1
Number of Pages
XIV, 403
Number of Illustrations
6 b/w illustrations
Topics