The Mathematics of Arbitrage von Freddy Delbaen | ISBN 9783642060304

The Mathematics of Arbitrage

von Freddy Delbaen und Walter Schachermayer
Mitwirkende
Autor / AutorinFreddy Delbaen
Autor / AutorinWalter Schachermayer
Buchcover The Mathematics of Arbitrage | Freddy Delbaen | EAN 9783642060304 | ISBN 3-642-06030-7 | ISBN 978-3-642-06030-4

From the reviews:

„As a learning device, I think this works really well. The second half of the book allows readers to ‘put to use’ the mathematics they learn in the first half. I really like the authors’ writing style. They provide plenty of intuitive insights and historical notes along the way as they formally develop concepts. … I recommend it highly to theoretically-inclined financial engineers and researchers.“ (www. riskbook. com, September, 2006)

„The aim of the book, as the authors state … is to give the reader a guided tour through the mathematics of arbitrage. … The book will be of invaluable help to new researchers in the area of incomplete markets. A new graduate student wishing to do such research would start by reading the papers in the book. She or he now has a very good book to assist this study.“ (Angelos Dassios, Mathematical Reviews, Issue 2007 a)

The Mathematics of Arbitrage

von Freddy Delbaen und Walter Schachermayer
Mitwirkende
Autor / AutorinFreddy Delbaen
Autor / AutorinWalter Schachermayer

This book presents a rigorous mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of „no arbitrage“. The first part presents a relatively elementary introduction, restricting itself to the case of finite probability spaces. The second part consists of an updated edition of seven original research papers by the authors, which analyzes the topic in the general framework of semi-martingale theory.