Financial Modelling with Jump Processes
Financial Modelling with Jump Processes WINNER of a Riskbook.com Best of 2004 Book Award!During the last decade, financial models based on jump processes have acquired increasing popularity in risk…
Specifikacia Financial Modelling with Jump Processes
Financial Modelling with Jump Processes
WINNER of a Riskbook.com Best of 2004 Book Award!During the last decade, financial models based on jump processes have acquired increasing popularity in risk management and option pricing. Potential users often get the impression that jump and Lvy processes are beyond their reach.Financial Modelling with Jump Processes shows that this is not so. Much has been published on the subject, but the technical nature of most papers makes them difficult for nonspecialists to understand, and the mathematical tools required for applications can be intimidating.
The introduction of new mathematical tools is motivated by their use in the modelling process, and precise mathematical It provides a self-contained overview of the theoretical, numerical, and empirical aspects involved in using jump processes in financial modelling, and it does so in terms within the grasp of nonspecialists.
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