Introduction To Quantitative Methods For Financial Markets by Hansjoerg AlbrecherIntroduction To Quantitative Methods For Financial Markets by Hansjoerg Albrecher

Introduction To Quantitative Methods For Financial Markets

byHansjoerg Albrecher, Andreas Binder, Volkmar Lautscham

Paperback | July 24, 2013

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Swaps, futures, options, structured instruments - a wide range of derivative products is traded in today's financial markets. Analyzing, pricing and managing such products often requires fairly sophisticated quantitative tools and methods. This book serves as an introduction to financial mathematics with special emphasis on aspects relevant in practice. In addition to numerous illustrative examples, algorithmic implementations are demonstrated using "Mathematica" and the software package "UnRisk" (available for both students and teachers). The content is organized in 15 chapters that can be treated as independent modules.

In particular, the exposition is tailored for classroom use in a Bachelor or Master program course, as well as for practitioners who wish to further strengthen their quantitative background.

Hansjoerg Albrecher is Professor of Actuarial Science at the Faculty of Business and Economics, University of Lausanne, as well as a Faculty Member of the Swiss Finance Institute. Previous affiliations include the Johann Radon Institute for Computational and Applied Mathematics of the Austrian Academy of Sciences in Linz, the Universit...
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Title:Introduction To Quantitative Methods For Financial MarketsFormat:PaperbackDimensions:191 pagesPublished:July 24, 2013Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3034805187

ISBN - 13:9783034805186

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Table of Contents

I Interest Rates.- II Financial Products.- III The No-Arbitrage Principle.- IV European and American Options.- The Binomial Option Pricing Model.- VI The Black-Scholes Model.- VII The Black-Scholes Formula.- VIII Stock-Price Models.- IX Interest Rate Models and the Valuation of Interest Rate Derivatives.- X Numerical Tools.- XI Simulation Methods.- XII Calibrating Models - Inverse Problems.- XIII Case Studies: Exotic Derivatives.- XIV Portfolio-Optimization.- XV Introduction to Credit Risk Models.

Editorial Reviews

From the reviews:"The aim of this book is twofold. Firstly to equip the reader with the fundamental mathematical skills associated with modern finance and secondly to relate these skills to practical outcomes. . It is written as an introductory text for senior undergraduates or early graduate students with a reasonable background in mathematics. . For the interested reader references are provided if they wish to further enrich their knowledge. Also, at the end of each chapter a number of beneficial exercises are provided." (John O'Hara, zbMATH, Vol. 1273, 2013)