To view prices and purchase online, please login or create an account now.



Mathematical Techniques in Finance: Tools for Incomplete Markets - Second Edition

Paperback / softback

Main Details

Title Mathematical Techniques in Finance: Tools for Incomplete Markets - Second Edition
Authors and Contributors      By (author) Ales Cerny
Physical Properties
Format:Paperback / softback
Pages:412
Dimensions(mm): Height 235,Width 152
Category/GenreFinance and accounting
Business mathematics and systems
Applied mathematics
ISBN/Barcode 9780691141213
ClassificationsDewey:332.0151
Audience
Tertiary Education (US: College)
Professional & Vocational
Edition 2nd Revised edition

Publishing Details

Publisher Princeton University Press
Imprint Princeton University Press
Publication Date 26 July 2009
Publication Country United States

Description

Originally published in 2003, Mathematical Techniques in Finance has become a standard textbook for master's-level finance courses containing a significant quantitative element while also being suitable for finance PhD students. This fully revised second edition continues to offer a carefully crafted blend of numerical applications and theoretical grounding in economics, finance, and mathematics, and provides plenty of opportunities for students to practice applied mathematics and cutting-edge finance. Ales Cerny mixes tools from calculus, linear algebra, probability theory, numerical mathematics, and programming to analyze in an accessible way some of the most intriguing problems in financial economics. The textbook is the perfect hands-on introduction to asset pricing, optimal portfolio selection, risk measurement, and investment evaluation. The new edition includes the most recent research in the area of incomplete markets and unhedgeable risks, adds a chapter on finite difference methods, and thoroughly updates all bibliographic references. Eighty figures, over seventy examples, twenty-five simple ready-to-run computer programs, and several spreadsheets enhance the learning experience. All computer codes have been rewritten using MATLAB and online supplementary materials have been completely updated. * A standard textbook for graduate finance courses * Introduction to asset pricing, portfolio selection, risk measurement, and investment evaluation * Detailed examples and MATLAB codes integrated throughout the text * Exercises and summaries of main points conclude each chapter

Author Biography

Ales Cerny is professor of finance at the Cass Business School, City University London.

Reviews

"Ales Cerny's new edition of Mathematical Techniques in Finance is an excellent master's-level treatment of mathematical methods used in financial asset pricing. By updating the original edition with methods used in recent research, Cerny has once again given us an up-to-date first-class textbook treatment of the subject."-Darrell Duffie, Stanford University