The Binomial Asset Pricing Model
This textbook, written by Steven E. Shreve, covers the fundamental principles of binomial valuation models in financial mathematics. It is aimed at students who are engaged with calculus for finance and stochastic calculus, and provides a clear and concrete overview of the key concepts.
Contents and features
The book was developed from the Carnegie Mellon Professional Master's program in Computational Finance and includes a thorough introduction to probability theory needed for stochastic calculus. In addition to binomial models, more advanced topics are also covered, such as foreign exchange models, forward measures, and jump-diffusions.
This edition is the first part of a two-part series and includes chapter summaries, illustrations, and exercises that combine theory and practical applications in quantitative finance.
Product specifications
- Author: Steven Shreve
- Series: Springer Finance
- Publisher: Springer-Verlag New York Inc.
- Publication date: 2005-06-28
- Number of pages: 187
- ISBN: 9780387249681
- Subject: Finance and the finance industry
- BISAC: BUSINESS & ECONOMICS / Finance / General