Item description for An Undergraduate Introduction to Financial Mathematics by J. Robert Buchanan...
This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three or four semester sequence of calculus courses. It introduces the theory of interest, random variables and probability, stochastic processes, arbitrage, option pricing, hedging, and portfolio optimization. The student progresses from knowing only elementary calculus to understanding the derivation and solution of the Black--Scholes partial differential equation and its solutions. This is one of the few books on the subject of financial mathematics which is accessible to undergraduates having only a thorough grounding in elementary calculus. It explains the subject matter without "hand waving" arguments and includes numerous examples. Every chapter concludes with a set of exercises which test the chapter's concepts and fill in details of derivations.
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Studio: World Scientific Publishing Company
Est. Packaging Dimensions: Length: 9" Width: 6.1" Height: 0.8" Weight: 1.2 lbs.
Release Date Apr 11, 2006
Publisher World Scientific Publishing Company
ISBN 9812566376 ISBN13 9789812566379
Reviews - What do customers think about An Undergraduate Introduction to Financial Mathematics?
Poorly Written Book Jul 29, 2007
This book is rife with typographical and grammatical errors. The content is not terrible, but there are much better books out there if you're looking for an introduction to Financial Mathematics. Mark Joshi's books are far superior.