Mathematical Finance Eberlein Ernst
Mathematical Finance Eberlein Ernst Taking continuous-time stochastic processes allowing for jumps as its starting and focal point, this book provides an accessible introduction to the stochastic…
Specifikacia Mathematical Finance Eberlein Ernst
Mathematical Finance Eberlein Ernst
Taking continuous-time stochastic processes allowing for jumps as its starting and focal point, this book provides an accessible introduction to the stochastic calculus and control of semimartingales and explains the basic concepts of Mathematical Finance such as arbitrage theory, hedging, valuation principles, portfolio choice, and term structure modelling. Such abrupt changes, however, can often be observed in real markets. It bridges thegap between introductory texts and the advanced literature in the field.Most textbooks on the subject are limited to diffusion-type models which cannot easily account for sudden price movements.
This explains why processes with jumps have become an established tool in the statistics and mathematics of finance. At the same time, purely discontinuous processes lead to a much wider variety of flexible and tractable models.
Mathematical Finance Eberlein Ernst
Ernst Haas - Haas Ernst
Ernst Haeckel - Haeckel, Ernst