 | SIAM published this book December 3, 2008 [http://www.ec-securehost.com/SIAM/MM15.html] |
Modern financial mathematics relies on the theory of random processes in time, reflecting the erratic fluctuations in financial markets.This book introduces the fascinating area of financial mathematics and its calculus in an accessible manner geared toward undergraduate students. Using little high-level mathematics, the author presents the basic methods for evaluating financial options and building financial simulations.
Errata
- p.7, Example~1.2, third dot point: upon expanding the square, the variance should have an extra "+2s".
- p.11, line~7 of item~3: "quantity the immediately" should be "quantity we immediately"
- p.17, footnote: find the article Stop the Subversive Spreadsheet! at http://www.eusprig .org/eusprig.pdf [Oct 2009].
- p.51, line 7: "= =" should be simply "=".
- p.125: "Eifferential" should of course be "differential".
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