Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Introduction to Option Pricing Theory
Foyalty 330

Introduction to Option Pricing Theory (Hardback)

£109.99
Not currently available to order online.
Email me when back in stock

Synopsis

Since the appearance of seminal works by R. Merton, and F. Black

and M. Scholes, stochastic processes have assumed an increasingly

important role in the development of the mathematical theory of

finance. This work examines, in some detail, that part of stochastic

finance pertaining to option pricing theory. Thus the exposition is

confined to areas of stochastic finance that are relevant to the

theory, omitting such topics as futures and term-structure.

This self-contained work begins with five introductory chapters

on stochastic analysis, making it accessible to readers with little or

no prior knowledge of stochastic processes or stochastic analysis.

These chapters cover the essentials of Ito's theory of stochastic

integration, integration with respect to semimartingales, Girsanov's

Theorem, and a brief introduction to stochastic differential

equations.

Subsequent chapters treat more specialized topics, including

option pricing in discrete time, continuous time trading, arbitrage,

complete markets, European options (Black and Scholes Theory),

American options, Russian options, discrete approximations, and asset

pricing with stochastic volatility. In several chapters, new results

are presented. A unique feature of the book is its emphasis on

arbitrage, in particular, the relationship between arbitrage and

equivalent martingale measures (EMM), and the derivation of necessary

and sufficient conditions for no arbitrage (NA).

{\it Introduction to Option Pricing Theory} is intended for

students and researchers in statistics, applied mathematics, business,

or economics, who have a background in measure theory and have

completed probability theory at the intermediate level. The work

lends itself to self-study, as well as to a one-semester course at the

graduate level.

Science & MathematicsMathematicsApplied mathematicsStochasticsScience & MathematicsMathematicsProbability & statistics Publisher: Birkhauser Boston Inc Publication Date: 01/10/1999 ISBN-13: 9780817641085  Details: Type: Hardback Format: Books
Availability: Not currently available to order online.  

More books by Gopinath Kallianpur

More books by Rajeeva L. Karandikar

Leave Review

Delivery

Delivery Options

All delivery times quoted are the average, and cannot be guaranteed. These should be added to the availability message time, to determine when the goods will arrive. During checkout we will give you a cumulative estimated date for delivery.
 

Location 1st Book Each additional book Average Delivery Time
Free UK Standard Delivery on Orders Over £20 (2nd Class)     3-5 Days
UK Standard Delivery (2nd Class) £2.75 £0.00 3-5 Days
UK 1st Class Delivery £3.75 £0.00 1-2 Days
Click and Collect / 
Delivery to a Foyles Bookshop
Free Free From 2 hours - Individual item delivery times given at checkout
UK Courier £7.95 £0.00 1 Working Day
Western Europe**Airmail £9.00 £1.00 7-8 Days
Rest of World Airmail £12.50 £1.00 7-10 Days

** Includes Austria, Belgium, Denmark, France, Germany, Greece, Iceland, Irish Republic, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and Switzerland.

Click and Collect is available for all our shops; collection times will vary depending on availability of items. Individual despatch times for each item will be given at checkout.

Delivery Help & FAQs
 

A Year of Books Subscription Packages 

Delivery is free for the UK. Western Europe costs £60 for each 12 month subscription package purchased. For the Rest of the World the cost is £100 for each package purchased. All delivery costs are charged in advance at time of purchase. For more information please visit the A Year of Books page.
 

Returns Information

If you are not completely satisfied with your purchase*, you may return it to us in its original condition with in 30 days of receiving your delivery or collection notification email for a refund. Except for damaged items or delivery issues the cost of return postage is borne by the buyer. Your statutory rights are not affected.

* For Exclusions and terms on damaged or delivery issues see Returns Help & FAQs

You might also like

Probability Theory And Stochastic...
(Hardback)
Oliver Knill
 
 
£106.00
 
Probability Theory And Stochastic...
(Paperback)
Oliver Knill
 
 
£48.00
 
Stochastic Flows
(Hardback)
Andrey Dorogovtsev
 
 
£92.00
 
Introduction To Stochastic Processes
(Hardback)
Mu-fa Chen; Yong-hua Mao
 
 
£65.00
 
© W&G Foyle Ltd
Foyles uses cookies to help ensure your experience on our site is the best possible. Click here if you’d like to find out more about the types of cookies we use.
Accept and Close