Risk-Neutral Valuation
| Author | : Nicholas H. Bingham |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 306 |
| Release | : 2013-06-29 |
| ISBN-10 | : 9781447136194 |
| ISBN-13 | : 1447136195 |
| Rating | : 4/5 (195 Downloads) |
Book Synopsis Risk-Neutral Valuation by : Nicholas H. Bingham
Download or read book Risk-Neutral Valuation written by Nicholas H. Bingham and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a simple approach accessible to a wide audience, this book aims for the heart of mathematical finance: the fundamental formula of arbitrage pricing theory. This method of pricing discounts everything and takes expected values under the equivalent martingale measure. The authors approach is simple and excludes unnecessary proofs of measure-theoretic probability, instead, it favors techniques and examples of proven interest to financial practitioners.