Stochastic Processes with Applications to Finance (Chapman & Hall/CRC Financial Mathematics)

by Masaaki Kijima

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Financial engineering has been proven to be a useful tool for risk management, but using the theory in practice requires a thorough understanding of the risks and ethical standards involved. Stochastic Processes with Applications to Finance, Second Edition presents the mathematical theory of financial engineering using only basic mathematical tools that are easy to understand even for those with little mathematical expertise. This second edition covers several important developments in the financial industry.

New to the Second Edition

  • A chapter on the change of measures and pricing of insurance products
  • Many examples of the change of measure technique, including...
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  • ISBN10 143988482X
  • ISBN13 9781439884829
  • Publish Date 18 April 2013 (first published 29 July 2002)
  • Publish Status Active
  • Publish Country US
  • Publisher Taylor & Francis Ltd
  • Imprint Chapman & Hall/CRC
  • Edition 2nd New edition
  • Format Hardcover
  • Pages 344
  • Language English