Mathematical Finance

Author: Zhang Yuanping
Publisher:
Publish Date: 2004-08-01
Features: Mathematical finance is a new branch derived from the self-development of finance, a product of the combination of mathematics and finance. It represents a shift in finance from qualitative analysis to a combination of qualitative and quantitative analysis, from normative research to empirical research, and from theoretical elaboration to a balance between theoretical and practical research. It also reflects the evolution from fuzzy financial decision-making to precise decision-making. With the internationalization of economic and financial education, especially the recent development of financial engineering programs, there is an urgent need for a mathematical finance textbook suitable for finance students. This book focuses on accessibility and broad applicability, drawing on international textbooks and the latest research findings while considering students' comprehension levels and teaching requirements. It avoids complex formula derivations and emphasizes practical applications, supplemented by numerous case studies and examples to closely integrate financial quantitative analysis methods with real-world practice.
The book is divided into eight chapters, with a complete, clear structure, and rigorous organization. It systematically introduces the fundamental theories, perspectives, and methods of mathematical finance, demonstrating a logical and well-organized approach. It showcases the latest trends and research findings in mathematical finance theory and practice, achieving a balance between foundational knowledge and forward-thinking insights. The book integrates theoretical explanations, practical operations, and case studies to comprehensively outline the framework of mathematical finance, elaborating on the development patterns of its theory and practice. In addition to serving as a textbook for universities, it is also suitable for researchers and practitioners in economic and financial fields.