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Elementary Calculus of Financial Mathematics
Contributor(s): Roberts, A. J. (Author)

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 ISBN: 0898716675     ISBN-13: 9780898716672
Publisher: Society for Industrial and Applied Mathematic
OUR PRICE: $65.55  

Binding Type: Paperback
Published: March 2009
Qty:
Temporarily out of stock - Will ship within 2 to 5 weeks

Click for more in this series: Monographs on Mathematical Modeling and Computation
Additional Information
BISAC Categories:
- Business & Economics | Finance - General
- Mathematics | Applied
Dewey: 332.015
LCCN: 2008042349
Series: Monographs on Mathematical Modeling and Computation
Physical Information: 140 pages
Features: Bibliography, Illustrated, Index
Review Citations: Reference and Research Bk News 05/01/2009 pg. 127
 
Descriptions, Reviews, Etc.
Publisher Description:
Modern financial mathematics relies on the theory of random processes in time, reflecting the erratic fluctuations in financial markets. This book introduces the fascinating area of financial mathematics and its calculus in an accessible manner for undergraduate students. Using little high-level mathematics, the author presents the basic methods for evaluating financial options and building financial simulations. By emphasising relevant applications and illustrating concepts with colour graphics, Elementary Calculus of Financial Mathematics presents the crucial concepts needed to understand financial options among these fluctuations. Among the topics covered are the binomial lattice model for evaluating financial options, the Black-Scholes and Fokker-Planck equations, and the interpretation of Ito's formula in financial applications. Each chapter includes exercises for student practice and the appendices offer MATLAB(R) and SCILAB code as well as alternate proofs of the Fokker-Planck equation and Kolmogorov backward equation.

Contributor Bio(s): Roberts, A. J.: - A. J. Roberts is a Professor and Chair in the School of Mathematical Sciences at the University of Adelaide. He has lectured and conducted research at the University of New South Wales and the University of Southern Queensland, and has published over 100 refereed international journal articles. As a leader in developing and applying a branch of modern dynamical systems theory, in conjunction with new computer algebra algorithms in scientific computing, Professor Roberts derives and interprets mathematical and computational models of complex multiscale systems, both deterministic and stochastic.
 
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