An Introduction to the Mathematics of Financial Derivatives

Ali Hirsa and Salih Neftci
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Ali Hirsa: Columbia University, New York; and New York University, New York, USA

in Elsevier Monographs from Elsevier, currently edited by Candice Janco

Abstract: An Introduction to the Mathematics of Financial Derivatives is a popular, intuitive text that eases the transition between basic summaries of financial engineering to more advanced treatments using stochastic calculus. Requiring only a basic knowledge of calculus and probability, it takes readers on a tour of advanced financial engineering. This classic title has been revised by Ali Hirsa, who accentuates its well-known strengths while introducing new subjects, updating others, and bringing new continuity to the whole. Popular with readers because it emphasizes intuition and common sense, An Introduction to the Mathematics of Financial Derivatives remains the only "introductory" text that can appeal to people outside the mathematics and physics communities as it explains the hows and whys of practical finance problems. Facilitates readers' understanding of underlying mathematical and theoretical models by presenting a mixture of theory and applications with hands-on learning Presented intuitively, breaking up complex mathematics concepts into easily understood notions Encourages use of discrete chapters as complementary readings on different topics, offering flexibility in learning and teaching

Keywords: arbitrage; exponent; calculus; martingale; Ito formula; risk; probability; theorem (search for similar items in EconPapers)
Date: 2013 Originally published 2013-12-12.
Edition: 3
ISBN: 978-0-12-384682-2
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Citations: View citations in EconPapers (42)

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