A Benchmark Approach to Quantitative Finance Hardcover - 2006 - 1st Edition
by Eckhard Platen; David Heath
First line
In financial markets one can observe the prices of assets such as stocks, commodities, currencies, futures, bonds etc.
From the rear cover
The benchmark approach provides a general framework for financial market modeling, which extends beyond the standard risk neutral pricing theory. It permits a unified treatment of portfolio optimization, derivative pricing, integrated risk management and insurance risk modeling. The existence of an equivalent risk-neutral pricing measure is not required. Instead, it leads to pricing formulae with respect to the real world probability measure. This yields important modeling freedom which turns out to be necessary for the derivation of realistic, parsimonious market models. The first part of the book describes the necessary tools from probability theory, statistics, stochastic calculus and the theory of stochastic differential equations with jumps. The second part is devoted to financial modeling under the benchmark approach. Various quantitative methods for the fair pricing and hedging of derivatives are explained. The general framework is used to provide an understanding of the nature of stochastic volatility. The book is intended for a wide audience that includes quantitative analysts, postgraduate students and practitioners in finance, economics and insurance. It aims to be a self-contained, accessible but mathematically rigorous introduction to quantitative finance for readers that have a reasonable mathematical or quantitative background. Finally, the book should stimulate interest in the benchmark approach by describing some of its power and wide applicability.
Details
- Title A Benchmark Approach to Quantitative Finance
- Author Eckhard Platen; David Heath
- Binding Hardcover
- Edition number 1st
- Edition 1
- Pages 700
- Volumes 1
- Language ENG
- Publisher Springer, New York, NY
- Date 2006-09-26
- Illustrated Yes
- ISBN 9783540262121 / 3540262121
- Weight 2.49 lbs (1.13 kg)
- Dimensions 9.36 x 6.33 x 1.19 in (23.77 x 16.08 x 3.02 cm)
- Library of Congress Catalog Number 2006932290
- Dewey Decimal Code 332.015
More Copies for Sale
A Benchmark Approach to Quantitative Finance
by Platen, E. and Heath, D.
- Used
- Hardcover
- Condition
- Used
- Binding
- Hardcover
- ISBN 10 / ISBN 13
- 9783540262121 / 3540262121
- Quantity Available
- 1
- Seller
-
Lincoln, Lincolnshire, Aberdeen, United Kingdom
- Item Price
-
CA$66.46CA$22.16 shipping to USA
Show Details
A Benchmark Approach to Quantitative Finance
by Eckhard Platen
- New
- Hardcover
- Condition
- New
- Binding
- Hardcover
- ISBN 10 / ISBN 13
- 9783540262121 / 3540262121
- Quantity Available
- 124
- Seller
-
Uxbridge, Greater London, United Kingdom
- Item Price
-
CA$93.04CA$13.89 shipping to USA
Show Details
A Benchmark Approach to Quantitative Finance
by Eckhard Platen
- New
- Hardcover
- Condition
- New
- Binding
- Hardcover
- ISBN 10 / ISBN 13
- 9783540262121 / 3540262121
- Quantity Available
- 10
- Seller
-
Southport, Merseyside, United Kingdom
- Item Price
-
CA$104.53CA$17.30 shipping to USA
Show Details
A Benchmark Approach to Quantitative Finance (Springer Finance)
by Eckhard Platen, David Heath
- Used
- Hardcover
- Condition
- Used - Very Good, two corner bumps, text unmarked
- Binding
- Hardcover
- ISBN 10 / ISBN 13
- 9783540262121 / 3540262121
- Quantity Available
- 1
- Seller
-
Baltimore, Maryland, United States
- Item Price
-
CA$90.06CA$6.72 shipping to USA
Show Details
A Benchmark Approach to Quantitative Finance (Springer Finance)
by Platen, Eckhard; Heath, David
- New
- Hardcover
- Condition
- New
- Binding
- Hardcover
- ISBN 10 / ISBN 13
- 9783540262121 / 3540262121
- Quantity Available
- 1
- Seller
-
San Diego, California, United States
- Item Price
-
CA$138.54CA$7.55 shipping to USA
Show Details
A Benchmark Approach to Quantitative Finance (Springer Finance)
by Platen, Eckhard; Heath, David
- New
- Hardcover
- Condition
- New
- Binding
- Hardcover
- ISBN 10 / ISBN 13
- 9783540262121 / 3540262121
- Quantity Available
- 5
- Seller
-
campbelltown, Florida, United States
- Item Price
-
CA$199.51CA$20.78 shipping to USA