Discrete-time Asset Pricing Models in Applied Stochastic Finance.
Stochastic finance and financial engineering have been rapidly expanding fields of science over the past four decades, mainly due to the success of sophisticated quantitative methodologies in helping professionals manage financial risks. In recent years, we have witnessed a tremendous acceleration i...
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| Format: | eBook |
| Language: | English |
| Published: |
London :
Wiley,
2013.
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| Series: | ISTE.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Stochastic finance and financial engineering have been rapidly expanding fields of science over the past four decades, mainly due to the success of sophisticated quantitative methodologies in helping professionals manage financial risks. In recent years, we have witnessed a tremendous acceleration in research efforts aimed at better comprehending, modeling and hedging this kind of risk. These two volumes aim to provide a foundation course on applied stochastic finance. They are designed for three groups of readers: firstly, students of various backgrounds seeking a core knowledge o. |
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| Item Description: | 3.5.8. The mean time of first entrance in a state of Markov chain. |
| Physical Description: | 1 online resource (418 pages) |
| ISBN: | 9781118557860 1118557867 |