Mathematical Finance - Principles and Models of Asset Pricing

Author: Guo Duozuo / Country: Mainland China
Publisher:
Publish Date: 2006-08-01
Features: This book takes the principles and models of asset pricing as its main thread, primarily introducing the no-arbitrage pricing and equilibrium pricing principles of asset pricing, as well as the bond pricing, risk asset pricing, and derivative pricing models based on these principles. The book begins with single-period models and then progresses to multi-period models, starting from easier to more complex concepts. The key feature of this book is its focus on the asset pricing theory in mathematical finance, extending from single-period models to multi-period models in a gradual and in-depth manner. Compared to typical financial economics texts, it places greater emphasis on the application of mathematical methods. Compared to books in financial mathematics, this book introduces the process of formulating and solving financial problems. It can serve as a textbook for undergraduate students in economics and management, with chapters 1–5 and 7 being particularly recommended for focused study, while the remaining chapters can be used for reference. For graduate students, chapters 6 and 8–9 can be taught. For students in science and engineering disciplines, it can be used as a selective course textbook. It is also suitable for researchers and practitioners in financial theory.