9780199666591-0199666598-An Introduction to Quantitative Finance

An Introduction to Quantitative Finance

ISBN-13: 9780199666591
ISBN-10: 0199666598
Edition: First Edition
Author: Stephen Blyth
Publication date: 2013
Publisher: Oxford University Press
Format: Paperback 175 pages
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Book details

ISBN-13: 9780199666591
ISBN-10: 0199666598
Edition: First Edition
Author: Stephen Blyth
Publication date: 2013
Publisher: Oxford University Press
Format: Paperback 175 pages

Summary

An Introduction to Quantitative Finance (ISBN-13: 9780199666591 and ISBN-10: 0199666598), written by authors Stephen Blyth, was published by Oxford University Press in 2013. With an overall rating of 3.7 stars, it's a notable title among other Applied (Mathematics) books. You can easily purchase or rent An Introduction to Quantitative Finance (Paperback, Used) from BooksRun, along with many other new and used Applied books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $10.87.

Description

The worlds of Wall Street and The City have always held a certain allure, but in recent years have left an indelible mark on the wider public consciousness and there has been a need to become more financially literate. The quantitative nature of complex financial transactions makes them a fascinating subject area for mathematicians of all types, whether for general interest or because of the enormous monetary rewards on offer.

An Introduction to Quantitative Finance concerns financial derivatives a derivative being a contract between two entities whose value derives from the price of an underlying financial asset and the probabilistic tools that were developed to analyse them. The theory in the text is motivated by a desire to provide a suitably rigorous yet accessible foundation to tackle problems the author encountered whilst trading derivatives on Wall Street. The book combines an unusual blend of real world derivatives trading experience and rigorous academic background.

Probability provides the key tools for analysing and valuing derivatives. The price of a derivative is closely linked to the expected value of its pay out, and suitably scaled derivative prices are martingales, fundamentally important objects in probability theory.

The prerequisite for mastering the material is an introductory undergraduate course in probability. The book is otherwise self contained and in particular requires no additional preparation or exposure to finance. It is suitable for a one semester course, quickly exposing readers to powerful theory and substantive problems. The book may also appeal to students who have enjoyed probability and have a desire to see how it can be applied. Signposts are given throughout the text to more advanced topics and to different approaches for those looking to take the subject further.

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