Mitwirkende

Autor / Autorin

“The book is a part of Springer Texts … suited for both the class and self-study. … this book is a wonderful resource on the various aspects of money and mathematics. In a world that pervades with concepts related to insurance, annuities, discounts, bargains, options, and risks, this book could come as an eye-opener to many. The readers are going to find this book enriching and satiating. The book is worth every second spent reading it.” (Firdous Ahmad Mala, Journal of Economics, Vol. 137 (3), 2022)

Money and Mathematics

A Conversational Approach to Modern Financial Mathematics and Insurance

von Ralf Korn und Bernd Luderer

Mitwirkende
Autor / Autorin	Ralf Korn
Autor / Autorin	Bernd Luderer

This book follows a conversational approach in five dozen stories that provide an insight into the colorful world of financial mathematics and financial markets in a relaxed, accessible and entertaining form. The authors present various topics such as returns, real interest rates, present values, arbitrage, replication, options, swaps, the Black-Scholes formula and many more. The readers will learn how to discover, analyze, and deal with the many financial mathematical decisions the daily routine constantly demands.

The book covers a wide field in terms of scope and thematic diversity. Numerous stories are inspired by the fields of deterministic financial mathematics, option valuation, portfolio optimization and actuarial mathematics. The book also contains a collection of basic concepts and formulas of financial mathematics and of probability theory. Thus, also readers new to the subject will be provided with all the necessary information to verify the calculations.