Boek
Considering the stupendous gain in importance in the banking and insuranceindustries since the early 1990s of mathematical methodology especiallyprobabilistic methodology it was a very natural idea for the French Acadmiedes Sciences to propose a series of public lectures accessible to an educatedaudience to promote a wider understanding for some of the fundamental ideastechniques and new tools of the financial industries. These lectures were givenat the Acadmie des Sciences in Paris by internationally renowned experts inmathematical finance and later written up for this volume which develops insimple yet rigorous terms some challenging topics such as risk measures thenotion of arbitrage dynamic models involving fundamental stochastic processeslike Brownian motion and Lvy processes. The Ariadnes thread leads the readerfrom Louis Bacheliers thesis 1900 to the famous BlackScholes formula of 1973and to most recent work close to Malliavins stochastic calculus of variations.The book also features a description of the trainings of French financialanalysts which will help them to become experts in these fast evolvingmathematical techniques. «
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