THE MATHEMATICS OF ARBITRAGE by Freddy Delbaen, Walter Schachermayer ( 9783540219927 )

Item Details

Title:

THE MATHEMATICS OF ARBITRAGE

By:

Freddy Delbaen, Walter Schachermayer

Format:

Hardback

List price:

£109.99

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£96.24

Discount:

12.5% off

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£13.75

ISBN 10:

3540219927

ISBN 13:

9783540219927

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Publisher:

SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG

Pub. date:

16 December, 2005

Edition:

1st ed. 2006. 2nd printing 2008

Series:

Springer Finance

Pages:

387

Description:

Presents a mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of no arbitrage. This title consists of seven papers, which analyzes the topic in the general framework of semi-martingale theory.

Synopsis:

Proof of the "Fundamental Theorem of Asset Pricing" in its general form by Delbaen and Schachermayer was a milestone in the history of modern mathematical finance and now forms the cornerstone of this book. Puts into book format a series of major results due mostly to the authors of this book. Embeds highest-level research results into a treatment amenable to graduate students, with introductory, explanatory background. Awaited in the quantitative finance community.

Illustrations:

biography

Publication:

Germany

Imprint:

Springer-Verlag Berlin and Heidelberg GmbH & Co. K

Returns:

Returnable

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