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Stochastic finance : a numeraire approach /

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Bibliographic Details
Main Author: Vecer, Jan (Author)
Corporate Authors: Taylor & Francis, Taylor and Francis
Format: eBook
Language:English
Published: Boca Raton, FL : CRC Press, an imprint of Taylor and Francis, 2011.
Edition:First edition.
Series:Chapman and Hall/CRC financial mathematics series.
Subjects:
Finance.
Stochastic analysis.
BUSINESS & ECONOMICS / Finance.
MATHEMATICS / General.
MATHEMATICS / Probability & Statistics / General.
Electronic books.
Online Access:Connect to the full text of this electronic book
Description
Abstract: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, quanto, and Asian options. Most of the ideas presented rely on intuition and basic principles, rather than technical computations.
Physical Description:1 online resource (342 pages) : 48 illustrations.
ISBN:9780429092404