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Stochastic Finance: An Introduction in Discrete Time, Hans Follmer, Alexander Schied


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Автор: Hans Follmer, Alexander Schied
Название:  Stochastic Finance: An Introduction in Discrete Time
ISBN: 9783110463446
Издательство: Walter de Gruyter
Классификация:


ISBN-10: 311046344X
Обложка/Формат: Paperback
Страницы: 608
Вес: 1.02 кг.
Дата издания: 25.07.2016
Серия: Economics/Business/Finance
Язык: English
Размер: 236 x 165 x 20
Читательская аудитория: General/trade
Ключевые слова: Business mathematics & systems,Probability & statistics,Applied mathematics, BUSINESS & ECONOMICS / Business Mathematics,MATHEMATICS / Applied,MATHEMATICS / Probability & Statistics / General
Поставляется из: Германии
Описание: This book is an introduction to financial mathematics. It is intended for graduate students in mathematics and for researchers working in academia and industry.The focus on stochastic models in discrete time has two immediate benefits. First, the probabilistic machinery is simpler, and one can discuss right away some of the key problems in the theory of pricing and hedging of financial derivatives. Second, the paradigm of a complete financial market, where all derivatives admit a perfect hedge, becomes the exception rather than the rule. Thus, the need to confront the intrinsic risks arising from market incomleteness appears at a very early stage.The first part of the book contains a study of a simple one-period model, which also serves as a building block for later developments. Topics include the characterization of arbitrage-free markets, preferences on asset profiles, an introduction to equilibrium analysis, and monetary measures of financial risk.In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk.This fourth, newly revised edition contains more than one hundred exercises. It also includes material on risk measures and the related issue of model uncertainty, in particular a chapter on dynamic risk measures and sections on robust utility maximization and on efficient hedging with convex risk measures. Contents: Part I: Mathematical finance in one periodArbitrage theoryPreferencesOptimality and equilibriumMonetary measures of riskPart II: Dynamic hedgingDynamic arbitrage theoryAmerican contingent claimsSuperhedgingEfficient hedgingHedging under constraintsMinimizing the hedging errorDynamic risk measures

An Introduction to Clinical Emergency Medicine

Автор: S. V. Mahadevan, Gus M. Garmel
Название: An Introduction to Clinical Emergency Medicine
ISBN: 0521747767 ISBN-13(EAN): 9780521747769
Издательство: Cambridge Academ
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Цена: 49110.00 T
Наличие на складе: Есть
Описание: Building on the strengths of the award-winning first edition, this fully revised edition is a must-have resource for individuals practising in the challenging field of emergency medicine. Unlike other textbooks, this book approaches clinical problems as clinicians approach patients - without full knowledge of the final diagnosis. Stunning full-color chapters.

Stochastic Processes

Автор: Gallager
Название: Stochastic Processes
ISBN: 1107039754 ISBN-13(EAN): 9781107039759
Издательство: Cambridge Academ
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Цена: 74970.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This definitive textbook provides a solid introduction to stochastic processes, covering both theory and applications. It is written by one of the world`s leading information theorists, evolving over twenty years of graduate classroom teaching, and is accompanied by over 300 exercises, with online solutions for instructors.

Introduction to Sustainable Development

Автор: Elliott, Jennifer (University of Brighton, UK)
Название: Introduction to Sustainable Development
ISBN: 0415590736 ISBN-13(EAN): 9780415590730
Издательство: Taylor&Francis
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Цена: 51030.00 T
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Описание: Thisfourth edition has been comprehensively rewritten and updated to provide a concise, well illustrated and accessible introduction to the characteristics, challenges and opportunities of sustainable development with particular reference to developing countries. The contested nature of sustainable development is explored through a detailed consideration of changing ideas and practices within environmentalism and development thinking.The text identifies the different actors involved (from institutions of global governance through to community based organisations), the policies and mechanisms through which sustainable development is being sought and considers the outcomes for particular groups and environments in both rural and urban contexts. ?? This edition places stronger emphasis on the global challenges of sustainable development with an understanding of inter-linked crises in climate, energy, economy, poverty and social injustice. It explores how these issues are leading to deep questioning of what sustainable development is, what it should be, and how sustainable development policies and mechanisms are being reconsidered.The book gives new consideration to the challenge of achieving lower carbon growth, climate adaptation, and the implications on sustainable development of rapidly expanding economies, including China and India.It contains greater discussion of how civil society movements influence outcomes of international climate policy, as well as technological developments in energy and agriculture. The text also contains a substantially expanded discussion of how poverty remains central to sustainable development challenges, as revealed through the Millennium Ecosystem Assessment and Millennium Development Goals. This invaluable text retains the core message that sustainable development has become central to debates about environment and development.Containing a substantial number of new boxed case studies, learning outcomes, chapter summaries, discussion questions, further reading and websites, this text provides an essential introduction for students.

An Introduction to Game Theory

Автор: Osborne
Название: An Introduction to Game Theory
ISBN: 0195322487 ISBN-13(EAN): 9780195322484
Издательство: Oxford Academ
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Цена: 220690.00 T
Наличие на складе: Поставка под заказ.
Описание: Game-theoretic reasoning pervades economic theory and is used widely in other social and behavioural sciences. An Introduction to Game Theory International Edition, by Martin J. Osborne, presents the main principles of game theory and shows how they can be used to understand economics, social, political, and biological phenomena. The book introduces in an accessible manner the main ideas behind the theory rather than their mathematical expression. All concepts are defined precisely, and logical reasoning is used throughout. The book requires an understanding of basic mathematics but assumes no specific knowledge of economics, political science, or other social or behavioural sciences. Coverage includes the fundamental concepts of strategic games, extensive games with perfect information, and coalitional games; the more advanced subjects of Bayesian games and extensive games with imperfect information; and the topics of repeated games, bargaining theory, evolutionary equilibrium, rationalizability, and maxminimization. The book offers a wide variety of illustrations from the social and behavioural sciences. Each topic features examples that highlight theoretical points and illustrations that demonstrate how the theory may be used.

Stochastic processes

Автор: Parzen, Emanuel
Название: Stochastic processes
ISBN: 0898714419 ISBN-13(EAN): 9780898714418
Издательство: Mare Nostrum (Eurospan)
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Цена: 64370.00 T
Наличие на складе: Нет в наличии.
Описание: This introductory textbook explains how and why probability models are applied to scientific fields such as medicine, biology, physics, oceanography, economics, and psychology to solve problems about stochastic processes. It does not just show how a problem is solved but explains why by formulating questions and first steps in the solutions.

Introduction to Sociology

Автор: Ritzer George
Название: Introduction to Sociology
ISBN: 1483302946 ISBN-13(EAN): 9781483302942
Издательство: Sage Publications
Цена: 70750.00 T
Наличие на складе: Поставка под заказ.

Introduction to qualitative research 4/e

Автор: Flick, Uwe
Название: Introduction to qualitative research 4/e
ISBN: 1847873243 ISBN-13(EAN): 9781847873248
Издательство: Sage Publications
Рейтинг:
Цена: 31670.00 T
Наличие на складе: Поставка под заказ.
Описание: This highly successful text is easily the most extensive introduction to qualitative methods in terms of its breadth and depth of coverage. For this new edition the author has done a lot of work to improve the style and readability, and the book now also includes chapters on grounded theory and on frontiers in qualitative research.

An Introduction to Multivariate Statistical Analysis, Third Edition

Автор: T. W. Anderson
Название: An Introduction to Multivariate Statistical Analysis, Third Edition
ISBN: 0471360910 ISBN-13(EAN): 9780471360919
Издательство: Wiley
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Цена: 184750.00 T
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Описание: Uses the method of maximum likelihood to a large extent to ensure reasonable, and in some cases optimal procedures. This work treats the basic and important topics in multivariate statistics.

Introduction to Physics in Modern Medicine, Second Edition

Автор: Amador Kane, Suzanne Donaldson, Nancy Gelman, Boris
Название: Introduction to Physics in Modern Medicine, Second Edition
ISBN: 1584889438 ISBN-13(EAN): 9781584889434
Издательство: Taylor&Francis
Рейтинг:
Цена: 53070.00 T
Наличие на складе: Нет в наличии.
Описание: Provides medical and physics students with an exploration of the physics-related applications found in medical centers. With an emphasis on digital imaging and computers in medicine, the text gives readers a fundamental understanding of the practical application of each.

Elementary Probability Theory / With Stochastic Processes and an Introduction to Mathematical Finance

Автор: Chung K. L., AitSahlia Farid
Название: Elementary Probability Theory / With Stochastic Processes and an Introduction to Mathematical Finance
ISBN: 038795578X ISBN-13(EAN): 9780387955780
Издательство: Springer
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Цена: 69870.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Provides an introduction to probability theory and its applications.

An Introduction to Modern Econometrics Using Stata

Автор: Baum
Название: An Introduction to Modern Econometrics Using Stata
ISBN: 1597180130 ISBN-13(EAN): 9781597180139
Издательство: Taylor&Francis
Рейтинг:
Цена: 88800.00 T
Наличие на складе: Невозможна поставка.
Описание:

Integrating a contemporary approach to econometrics with the powerful computational tools offered by Stata, An Introduction to Modern Econometrics Using Stata focuses on the role of method-of-moments estimators, hypothesis testing, and specification analysis and provides practical examples that show how the theories are applied to real data sets using Stata.

As an expert in Stata, the author successfully guides readers from the basic elements of Stata to the core econometric topics. He first describes the fundamental components needed to effectively use Stata. The book then covers the multiple linear regression model, linear and nonlinear Wald tests, constrained least-squares estimation, Lagrange multiplier tests, and hypothesis testing of nonnested models. Subsequent chapters center on the consequences of failures of the linear regression model's assumptions. The book also examines indicator variables, interaction effects, weak instruments, underidentification, and generalized method-of-moments estimation. The final chapters introduce panel-data analysis and discrete- and limited-dependent variables and the two appendices discuss how to import data into Stata and Stata programming.

Presenting many of the econometric theories used in modern empirical research, this introduction illustrates how to apply these concepts using Stata. The book serves both as a supplementary text for undergraduate and graduate students and as a clear guide for economists and financial analysts.


Introduction to Stochastic Integration

Автор: Kuo
Название: Introduction to Stochastic Integration
ISBN: 0387287205 ISBN-13(EAN): 9780387287201
Издательство: Springer
Рейтинг:
Цена: 46570.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Also called Ito calculus, the theory of stochastic integration has applications in virtually every scientific area involving random functions. This introductory textbook provides a concise introduction to the Ito calculus. From the reviews:"Introduction to Stochastic Integration is exactly what the title says.


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