The Mathematics of Arbitrage
Description
This book presents a rigorous mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of no arbitrage. The first part presents a relatively elementary introduction. The second part consists of an updated edition of seven papers, which analyzes the topic in the general framework of semi-martingale theory.From the reviews:"Will be of invaluable help to new researchers in the area of incomplete markets." --MATHEMATICAL REVIEWS
Keywords
Business & EconomicsAccountingFinanceMathematicsGame TheoryProbability & StatisticsMathematical AnalysisFunctional Analysis
