Buy Best Elementary Stochastic Calculus With Finance in View (Advanced Series on Statistical Science & Applied Probability, Vol 6) (Advanced Series on Statistical Science and Applied Probability) for $50.21

Elementary Stochastic Calculus With Finance in View (Advanced Series on Statistical Science & Applied Probability, Vol 6) (Advanced Series on Statistical Science and Applied Probability)

List price : $55.00

Modelling with the Itô integral or stochastic differential equations has become increasingly important in various applied fields, including physics, biology, chemistry and finance. However, stochastic calculus is based on a deep mathematical theory.

This book is suitable for the reader without a deep mathematical background. It gives an elementary introduction to that area of probability theory, without burdening the reader with a great deal of measure theory. Applications are taken from stochastic finance. In particular, the Black Scholes option pricing formula is derived. The book can serve as a text for a course on stochastic calculus for non-mathematicians or as elementary reading material for anyone who wants to learn about Itô calculus and/or stochastic finance.

Contents: Preliminaries: Basic Concepts from Probability Theory; Stochastic Processes; Brownian Motion; Conditional Expectation; Martingales; The Stochastic Integral: The Riemann and Riemann Stieltjes Integrals; The Itô Integral; The Itô Lemma; The Stratonovich and Other Integrals; Stochastic Differential Equations: Deterministic Differential Equations; Itô Stochastic Differential Equations; The General Linear Differential Equation; Numerical Solution; Applications of Stochastic Calculus in Finance: The Black Scholes Option-Pricing Formula; A Useful Technique: Change of Measure; Appendices: Modes of Convergence; Inequalities; Non-Differentiability and Unbounded Variation of Brownian Sample Paths; Proof of the Existence of the General Itô Stochastic Integral; The Radon Nikodym Theorem; Proof of the Existence and Uniqueness of the Conditional Expectation.

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• Stochastic Differential Equations: An Introduction with Applications (Universitext)
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Best Offer Monte Carlo Methods in Financial Engineering (Stochastic Modelling and Applied Probability) (v. 53) for $56.77

Monte Carlo Methods in Financial Engineering (Stochastic Modelling and Applied Probability) (v. 53)

From the reviews: "Paul Glasserman has written an astonishingly good book that bridges financial engineering and the Monte Carlo method. The book will appeal to graduate students, researchers, and most of all, practicing financial engineers [...] So often, financial engineering texts are very theoretical. This book is not." --Glyn Holton, Contingency Analysis

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• Stochastic Calculus for Finance II: Continuous-Time Models (Springer Finance)
• Stochastic Calculus for Finance I: The Binomial Asset Pricing Model (Springer Finance)
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• Options, Futures, and Other Derivatives and DerivaGem CD Package (8th Edition)

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Save 19% On Brief Calculus: An Applied Approach for $183.03

Brief Calculus: An Applied Approach

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Designed specifically for business, economics, or life/social sciences majors, BRIEF CALCULUS: AN APPLIED APPROACH, Ninth Edition, motivates students while fostering understanding and mastery. The book emphasizes integrated and engaging applications that show students the real-world relevance of topics and concepts. Applied problems drawn from government sources, industry, current events, and other disciplines provide well-rounded examples and appeal to students' diverse interests. The Ninth Edition builds upon its applications emphasis through updated exercises and relevant examples. Pedagogical features--from algebra review to study tips--provide extra guidance and practice.

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