<meta http-equiv="content-type" content="text/html; charset=iso-8859-1"/><meta content="mshtml 6.00.6000.17092" name="generator"/><p>This book is an introduction to financial mathematics.</p> <p>The first part of the book studies a simple one-period model which serves as a building block for later developments. Topics include the characterization of arbitrage-free markets, preferences on asset profiles, an introduction to equilibrium analysis, and monetary measures of risk.</p> <p>In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework. Such models are typically incomplete: They involve intrinsic risks which cannot be hedged away completely. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk.</p> <p>In addition to many corrections and improvements, this second edition contains several new sections, including a systematic discussion of law-invariant risk measures and of the connections between American options, superhedging, and dynamic risk measures. </p>
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<li><strong>Price: </strong>$155.99</li>
<li><strong>Pages: </strong>470</li>
<li><strong>Publisher: </strong>De Gruyter</li>
<li><strong>Imprint: </strong>De Gruyter</li>
<li><strong>Series: </strong>De Gruyter Studies in Mathematics</li>
<li><strong>Publication Date: </strong>24th November 2004</li>
<li><strong>ISBN: </strong>9783110183467</li>
<li><strong>Format: </strong>Hardcover</li>
<li><strong>BISACs:</strong> <br>MATHEMATICS / General<br>MATHEMATICS / Applied<br>MATHEMATICS / Probability & Statistics / General</li>
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<html> <head><meta http-equiv=content-type content="text/html; charset=iso-8859-1"></head> <body> <p><EM>Hans Föllmer </EM>is Professor for Mathematics at the Humboldt University in Berlin, Germany.</p> <P><EM>Alexander Schied </EM>is Professor at the Institute for Mathematics of the Technical University Berlin, Germany.</P> </body> </html>
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<title/><meta http-equiv="content-type" content="text/html; charset=iso-8859-1"/><meta content="mshtml 6.00.6000.17092" name="generator"/><p>This book is an introduction to financial mathematics.</p> <p>The first part of the book studies a simple one-period model which serves as a building block for later developments. Topics include the characterization of arbitrage-free markets, preferences on asset profiles, an introduction to equilibrium analysis, and monetary measures of risk.</p> <p>In the second part, the idea of dynamic hedging of contingent claims is developed in a multiperiod framework. Such models are typically incomplete: They involve intrinsic risks which cannot be hedged away completely. Topics include martingale measures, pricing formulas for derivatives, American options, superhedging, and hedging strategies with minimal shortfall risk.</p> <p>In addition to many corrections and improvements, this second edition contains several new sections, including a systematic discussion of law-invariant risk measures and of the connections between American options, superhedging, and dynamic risk measures. </p>
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<ul class="product-infos">
<li><strong>Price: </strong>$155.99</li>
<li><strong>Pages: </strong>470</li>
<li><strong>Publisher: </strong>De Gruyter</li>
<li><strong>Imprint: </strong>De Gruyter</li>
<li><strong>Series: </strong>De Gruyter Studies in Mathematics</li>
<li><strong>Publication Date: </strong>24th November 2004</li>
<li><strong>ISBN: </strong>9783110183467</li>
<li><strong>Format: </strong>Hardcover</li>
<li><strong>BISACs:</strong> <br>MATHEMATICS / General<br>MATHEMATICS / Applied<br>MATHEMATICS / Probability & Statistics / General</li>
</ul>
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<html> <head><meta http-equiv=content-type content="text/html; charset=iso-8859-1"></head> <body> <p><EM>Hans Föllmer </EM>is Professor for Mathematics at the Humboldt University in Berlin, Germany.</p> <P><EM>Alexander Schied </EM>is Professor at the Institute for Mathematics of the Technical University Berlin, Germany.</P> </body> </html>
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