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Stochastic Financial Models

 

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  • Product Description
 

Why should financial models be stochastic? Randomness is an inescapable feature of financial markets; although some agents may be better at predicting the future behaviour of markets, even the most successful make losses from time to time.Our modelling therefore must involve probabilistic elements.The resulting discrete calculus may be used to construct quite general financial models. As an illustration, the technique was applied to the well known Black- Scholes model. It turned out that the discrete Black-Scholes equation is equivalent to the Cox-Ross-Rubinstein equation, as it should be. The ideas contained in discrete stochastic calculus open the door to a host of exciting research possibilities.

Product Specifications
SKU :COC93841
AuthorProf Magid Maatallah
LanguageEnglish
BindingPaperback
Number of Pages60
Publishing Year2011-08-06T00:00:00.000
ISBN978-3845410548
Edition1 st
Book TypeStochastics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-08-14 00:00:00
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