Risk-Neutral Valuation : Pricing and Hedging of Financial Derivitives, Hardco...

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Book Title	Risk-Neutral Valuation : Pricing and Hedging of Financial Derivit
Author	Bingham, N. H.; Kiesel, Rudiger
Language	english
ISBN	9781852334581

Risk-Neutral Valuation : Pricing and Hedging of Financial Derivitives, Hardcover by Bingham, N. H.; Kiesel, Rudiger, ISBN 1852334584, ISBN-13 9781852334581, Brand New, Free shipping in the US

This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measure techniques. Based on firm probabilistic foundations, general properties of discrete- and continuous-time financial market models are discussed.

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