Informationen zum Autor Marek Capi ski has published over 50 research papers and nine books. His diverse interests include mathematical finance, corporate finance and stochastic hydrodynamics. For over 35 years he has been teaching these topics, mainly in Poland and in the UK, where he has held visiting fellowships. He is currently Professor of Applied Mathematics at AGH University of Science and Technology in Krakow. Klappentext An excellent basis for further study. Suitable even for readers with no mathematical background. Zusammenfassung This book explains in simple settings the fundamental ideas of financial market modelling and derivative pricing! using the no-arbitrage principle. All proofs are written in a user-friendly! step-by-step manner and following a natural flow of thought. In this way the student learns how to tackle new problems. Inhaltsverzeichnis Preface; 1. Introduction; 2. Single-step asset pricing models; 3. Multi-step binomial model; 4. Multi-step general models; 5. American options; 6. Modelling bonds and interest rates; Index.

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An excellent basis for further study. Suitable even for readers with no mathematical background.

Résumé
This book explains in simple settings the fundamental ideas of financial market modelling and derivative pricing, using the no-arbitrage principle. All proofs are written in a user-friendly, step-by-step manner and following a natural flow of thought. In this way the student learns how to tackle new problems.

Contenu

Preface; 1. Introduction; 2. Single-step asset pricing models; 3. Multi-step binomial model; 4. Multi-step general models; 5. American options; 6. Modelling bonds and interest rates; Index.