Arbitrage Theory in Continuous Time, 4th Edition
$249.14
- Hardcover
592 pages
- Release Date
18 December 2019
Summary
The fourth edition of this widely used textbook on pricing and hedging of financial derivatives now also includes dynamic equilibrium theory and continues to combine sound mathematical principles with economic applications. Concentrating on the probabilistic theory of continuous time arbitrage pricing of financial derivatives, including stochastic optimal control theory and optimal stopping theory, Arbitrage Theory in Continuous Time is designed for graduate students in economics and…
Book Details
| ISBN-13: | 9780198851615 |
|---|---|
| ISBN-10: | 0198851618 |
| Author: | Tomas Björk |
| Publisher: | Oxford University Press |
| Imprint: | Oxford University Press |
| Format: | Hardcover |
| Number of Pages: | 592 |
| Edition: | 4th |
| Release Date: | 18 December 2019 |
| Weight: | 1.02kg |
| Dimensions: | 241mm x 162mm x 36mm |
| Series: | Oxford Finance Series |
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Critics Review
Review from previous edition This book is one of the best of a large number of new books on mathematical and probabilistic models in finance, positioned between the books by Hull and Duffie on a mathematical scale…This is a highly reasonable book and strikes a balance between mathematical development and intuitive explanation. * Short Book Reviews *
About The Author
Tomas Björk
Tomas Björk is Professor Emeritus of Mathematical Finance at the Stockholm School of Economics. He has previously worked at the Mathematics Department of the Royal Institute of Technology, also in Stockholm. Tomas Björk has been president of the Bachelier Finance Society, co-editor of Mathematical Finance, and has been on the editorial board for Finance and Stochastics and other journals. He has published numerous journal articles on mathematical finance, and in particular is known for his research on point process driven forward rate models, consistent forward rate curves, general interest rate theory, finite dimensional realisations of infinite dimensional SDEs, good deal bounds, and timeinconsistent control theory.
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