Financial Mathematics (English Version) (English Version)

Author: Stan
Publisher:
Publish Date: 2003-04-01
Features: Financial investment is one of the most active economic activities in modern society. Since the Black-Scholes formula emerged in 1973, the financial industry has adopted mathematical models and tools at an unprecedented speed, leading to the integration of mathematics, finance, computer science, and the global economy. Driven by the inherent appeal of financial mathematics and the demand from numerous users, universities across the United States have, and this book was written to meet this trend. The book primarily explains the financial concepts and mathematical models used in modeling and hedging. Starting with relevant financial concepts, terminology, and strategies, it gradually discusses discrete models and computational methods, continuous models and analytical methods centered around the Black-Scholes formula, as well as risk analysis and hedging strategies in financial markets. As a foundational textbook for financial education, this book is suitable for undergraduate and graduate courses in related fields.