TY - BOOK ID - 322553 TI - An introduction to mathematical finance : options and other topics PY - 1999 SN - 0521770432 9780521770439 PB - Cambridge : Cambridge university press, DB - UniCat KW - Mathematical statistics KW - Options (Finance) KW - Prices KW - Mathematics KW - Investments KW - Stochastic analysis KW - Securities prices KW - Mathematical models KW - 336.714 KW - -Stochastic analysis KW - -Securities KW - -332.60151 KW - Blue sky laws KW - Capitalization (Finance) KW - Investment securities KW - Portfolio KW - Scrip KW - Securities KW - Securities law KW - Underwriting KW - Investment banking KW - Analysis, Stochastic KW - Mathematical analysis KW - Stochastic processes KW - Investing KW - Investment management KW - Finance KW - Disinvestment KW - Loans KW - Saving and investment KW - Speculation KW - Beleggingsmaatschappijen. Collectieve beleggingsfondsen. Investeringsmaatschappijen. Investment trusts. Holdingmaatschappijen KW - -Mathematical models KW - Law and legislation KW - Stochastic analysis. KW - Mathematics. KW - 336.714 Beleggingsmaatschappijen. Collectieve beleggingsfondsen. Investeringsmaatschappijen. Investment trusts. Holdingmaatschappijen KW - 332.60151 KW - Mathematics of investment KW - Business mathematics KW - Investments - Mathematics KW - Options (Finance) - Mathematical models - Mathematical models KW - Securities prices - Mathematical models UR - https://www.unicat.be/uniCat?func=search&query=sysid:322553 AB - This mathematically elementary introduction to the theory of options pricing presents the Black-Scholes theory of options as well as introducing such topics in finance as the time value of money, mean variance analysis, optimal portfolio selection, and the capital assets pricing model. The author assumes no prior knowledge of probability and presents all the necessary preliminary material simply and clearly. He explains the concept of arbitrage with examples, and then uses the arbitrage theorem, along with an approximation of geometric Brownian motion, to obtain a simple derivation of the Black-Scholes formula. In the later chapters he presents real price data indicating that this model is not always appropriate and shows how the model can be generalized to deal with such situations. No other text presents such topics in a mathematically accurate but accessible way. It will appeal to professional traders as well as undergraduates studying the basics of finance. ER -