Principles and Models of Quantitative Finance Asset Pricing

Author: Guo Duozuo
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 starts with single-period models and then moves on to multi-period models, progressing from easier to more complex. Its key feature is that it centers 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, it places greater emphasis on the application of mathematical methods. Compared to books in financial mathematics, this book introduces the process of proposing and solving financial problems. It can serve as a textbook for undergraduate students in economics and management, with chapters 1–5 and 7 being the main focus, while the other chapters can be used for reference. For graduate students, chapters 6 and 8–9 can be taught. For students in science and engineering majors, it can be used as an elective textbook. It is also suitable for researchers and practitioners in financial theory.