Stochastic Finance

A Numeraire Approach
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Product description

Unlike much of the existing literature, Stochastic Finance: A Numeraire Approach treats price as a number of units of one asset needed for an acquisition of a unit of another asset instead of expressing prices in dollar terms exclusively. This numeraire approach leads to simpler pricing options for complex products, such as barrier, lookback, quant

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Details

  • ISBN13 9781439812525
  • Pages 342
  • Released 2011
  • Publisher CRC Press Inc
  • Format Elektronisk medie
  • Edition 1
  • Language English