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Probability And Finance Theory

Probability and Finance Theory PDF
Author: Kian Guan Lim
Publisher: World Scientific Publishing Company
ISBN: 9814641952
Size: 46.59 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 536
View: 6964

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Probability And Finance Theory

by Kian Guan Lim, Probability And Finance Theory Books available in PDF, EPUB, Mobi Format. Download Probability And Finance Theory books, This book is an introduction to the mathematical analysis of probability theory and provides some understanding of how probability is used to model random phenomena of uncertainty, specifically in the context of finance theory and applications. The integrated coverage of both basic probability theory and finance theory makes this book useful reading for advanced undergraduate students or for first-year postgraduate students in a quantitative finance course. The book provides easy and quick access to the field of theoretical finance by linking the study of applied probability and its applications to finance theory all in one place. The coverage is carefully selected to include most of the key ideas in finance in the last 50 years. The book will also serve as a handy guide for applied mathematicians and probabilists to easily access the important topics in finance theory and economics. In addition, it will also be a handy book for financial economists to learn some of the more mathematical and rigorous techniques so their understanding of theory is more rigorous. It is a must read for advanced undergraduate and graduate students who wish to work in the quantitative finance area.




Game Theoretic Foundations For Probability And Finance

Game Theoretic Foundations for Probability and Finance PDF
Author: Glenn Shafer
Publisher: Wiley
ISBN: 0470903058
Size: 13.80 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 480
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Game Theoretic Foundations For Probability And Finance

by Glenn Shafer, Game Theoretic Foundations For Probability And Finance Books available in PDF, EPUB, Mobi Format. Download Game Theoretic Foundations For Probability And Finance books, Game-theoretic probability and finance come of age Glenn Shafer and Vladimir Vovk’s Probability and Finance, published in 2001, showed that perfect-information games can be used to define mathematical probability. Based on fifteen years of further research, Game-Theoretic Foundations for Probability and Finance presents a mature view of the foundational role game theory can play. Its account of probability theory opens the way to new methods of prediction and testing and makes many statistical methods more transparent and widely usable. Its contributions to finance theory include purely game-theoretic accounts of Ito’s stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory. Game-Theoretic Foundations for Probability and Finance is a book of research. It is also a teaching resource. Each chapter is supplemented with carefully designed exercises and notes relating the new theory to its historical context. Praise from early readers “Ever since Kolmogorov's Grundbegriffe, the standard mathematical treatment of probability theory has been measure-theoretic. In this ground-breaking work, Shafer and Vovk give a game-theoretic foundation instead. While being just as rigorous, the game-theoretic approach allows for vast and useful generalizations of classical measure-theoretic results, while also giving rise to new, radical ideas for prediction, statistics and mathematical finance without stochastic assumptions. The authors set out their theory in great detail, resulting in what is definitely one of the most important books on the foundations of probability to have appeared in the last few decades.” – Peter Grünwald, CWI and University of Leiden “Shafer and Vovk have thoroughly re-written their 2001 book on the game-theoretic foundations for probability and for finance. They have included an account of the tremendous growth that has occurred since, in the game-theoretic and pathwise approaches to stochastic analysis and in their applications to continuous-time finance. This new book will undoubtedly spur a better understanding of the foundations of these very important fields, and we should all be grateful to its authors.” – Ioannis Karatzas, Columbia University




Probability Theory In Finance

Probability Theory in Finance PDF
Author: Seán Dineen
Publisher: American Mathematical Soc.
ISBN: 9780821839515
Size: 35.70 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 294
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Probability Theory In Finance

by Seán Dineen, Probability Theory In Finance Books available in PDF, EPUB, Mobi Format. Download Probability Theory In Finance books, The use of the Black-Scholes model and formula is pervasive in financialmarkets. There are very few undergraduate textbooks available on thesubject and, until now, almost none written by mathematicians. Basedon a course given by the author, the goal of this book is to introduceadvanced undergraduates and beginning graduate students studying themathematics of finance to the Black-Scholes formula. The author uses afirst-principles approach, developing only the minimum backgroundnecessary to justify mathematical concepts and placing mathematicaldevelopments in context.




Probability And Statistics For Finance

Probability and Statistics for Finance PDF
Author: Svetlozar T. Rachev
Publisher: John Wiley & Sons
ISBN: 0470400935
Size: 13.50 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 672
View: 771

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Probability And Statistics For Finance

by Svetlozar T. Rachev, Probability And Statistics For Finance Books available in PDF, EPUB, Mobi Format. Download Probability And Statistics For Finance books, A comprehensive look at how probability and statistics is applied to the investment process Finance has become increasingly more quantitative, drawing on techniques in probability and statistics that many finance practitioners have not had exposure to before. In order to keep up, you need a firm understanding of this discipline. Probability and Statistics for Finance addresses this issue by showing you how to apply quantitative methods to portfolios, and in all matter of your practices, in a clear, concise manner. Informative and accessible, this guide starts off with the basics and builds to an intermediate level of mastery. • Outlines an array of topics in probability and statistics and how to apply them in the world of finance • Includes detailed discussions of descriptive statistics, basic probability theory, inductive statistics, and multivariate analysis • Offers real-world illustrations of the issues addressed throughout the text The authors cover a wide range of topics in this book, which can be used by all finance professionals as well as students aspiring to enter the field of finance.




Measure Probability And Mathematical Finance

Measure  Probability  and Mathematical Finance PDF
Author: Guojun Gan
Publisher: John Wiley & Sons
ISBN: 1118831969
Size: 15.20 MB
Format: PDF, ePub, Mobi
Category : Mathematics
Languages : en
Pages : 744
View: 6844

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Measure Probability And Mathematical Finance

by Guojun Gan, Measure Probability And Mathematical Finance Books available in PDF, EPUB, Mobi Format. Download Measure Probability And Mathematical Finance books, An introduction to the mathematical theory and financial models developed and used on Wall Street Providing both a theoretical and practical approach to the underlying mathematical theory behind financial models, Measure, Probability, and Mathematical Finance: A Problem-Oriented Approach presents important concepts and results in measure theory, probability theory, stochastic processes, and stochastic calculus. Measure theory is indispensable to the rigorous development of probability theory and is also necessary to properly address martingale measures, the change of numeraire theory, and LIBOR market models. In addition, probability theory is presented to facilitate the development of stochastic processes, including martingales and Brownian motions, while stochastic processes and stochastic calculus are discussed to model asset prices and develop derivative pricing models. The authors promote a problem-solving approach when applying mathematics in real-world situations, and readers are encouraged to address theorems and problems with mathematical rigor. In addition, Measure, Probability, and Mathematical Finance features: A comprehensive list of concepts and theorems from measure theory, probability theory, stochastic processes, and stochastic calculus Over 500 problems with hints and select solutions to reinforce basic concepts and important theorems Classic derivative pricing models in mathematical finance that have been developed and published since the seminal work of Black and Scholes Measure, Probability, and Mathematical Finance: A Problem-Oriented Approach is an ideal textbook for introductory quantitative courses in business, economics, and mathematical finance at the upper-undergraduate and graduate levels. The book is also a useful reference for readers who need to build their mathematical skills in order to better understand the mathematical theory of derivative pricing models.




Probability And Finance

Probability and Finance PDF
Author: Glenn Shafer
Publisher: John Wiley & Sons
ISBN: 0471461717
Size: 25.19 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 440
View: 7665

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Probability And Finance

by Glenn Shafer, Probability And Finance Books available in PDF, EPUB, Mobi Format. Download Probability And Finance books, Provides a foundation for probability based on game theory ratherthan measure theory. A strong philosophical approach with practicalapplications. Presents in-depth coverage of classical probability theory aswell as new theory.




Elementary Probability Theory

Elementary Probability Theory PDF
Author: Kai Lai Chung
Publisher: Springer Science & Business Media
ISBN: 0387215484
Size: 53.45 MB
Format: PDF, Docs
Category : Mathematics
Languages : en
Pages : 404
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Elementary Probability Theory

by Kai Lai Chung, Elementary Probability Theory Books available in PDF, EPUB, Mobi Format. Download Elementary Probability Theory books, This book provides an introduction to probability theory and its applications. The emphasis is on essential probabilistic reasoning, which is illustrated with a large number of samples. The fourth edition adds material related to mathematical finance as well as expansions on stable laws and martingales. From the reviews: "Almost thirty years after its first edition, this charming book continues to be an excellent text for teaching and for self study." -- STATISTICAL PAPERS




Introduction To Stochastic Finance

Introduction to Stochastic Finance PDF
Author: Jia-An Yan
Publisher: Springer
ISBN: 9811316570
Size: 15.57 MB
Format: PDF, ePub, Docs
Category : Mathematics
Languages : en
Pages : 403
View: 4198

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Introduction To Stochastic Finance

by Jia-An Yan, Introduction To Stochastic Finance Books available in PDF, EPUB, Mobi Format. Download Introduction To Stochastic Finance books, 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.




Probability For Finance

Probability for Finance PDF
Author: Jan Malczak
Publisher: Cambridge University Press
ISBN: 1107002494
Size: 20.58 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 196
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Probability For Finance

by Jan Malczak, Probability For Finance Books available in PDF, EPUB, Mobi Format. Download Probability For Finance books, Students and instructors alike will benefit from this rigorous, unfussy text, which keeps a clear focus on the basic probabilistic concepts required for an understanding of financial market models, including independence and conditioning. Assuming only some calculus and linear algebra, the text develops key results of measure and integration, which are applied to probability spaces and random variables, culminating in central limit theory. Consequently it provides essential prerequisites to graduate-level study of modern finance and, more generally, to the study of stochastic processes. Results are proved carefully and the key concepts are motivated by concrete examples drawn from financial market models. Students can test their understanding through the large number of exercises and worked examples that are integral to the text.




The Joy Of X

The Joy of x PDF
Author: Steven Strogatz
Publisher: Kein & Aber AG
ISBN: 3036992693
Size: 54.85 MB
Format: PDF, Mobi
Category : Mathematics
Languages : de
Pages : 352
View: 760

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The Joy Of X

by Steven Strogatz, The Joy Of X Books available in PDF, EPUB, Mobi Format. Download The Joy Of X books, Mathematik durchdringt den ganzen Kosmos. Das weiß jeder, doch nur die wenigsten verstehen die Zusammenhänge wirklich. Steven Strogatz nimmt uns bei der Hand und spaziert mit uns durch diese Welt der Weisheit, Klarheit und Eleganz. Als Reiseleiter geht er neue, erfrischende Wege, deutet auf Besonderheiten, schildert Hintergründe und erklärt die unsichtbaren Mechanismen. Wir erfahren unter anderem von dem Wunder des Zählens, der genialen Einfachheit der Algebra, dem ewigen Erbe Newtons, dem Tango mit Quadraten, der Zweisamkeit von Primzahlen und der Macht des Unendlichen. Mit all seiner Begeisterung, seinem Scharfblick und seinem leichtem Ton hat Steven Strogatz ein herrliches Buch für alle geschrieben, die ihr Verständnis von Mathematik auf eine neue Art vertiefen möchten.