{"product_id":"the-concepts-and-practice-of-mathematical-finance-mathematics-finance-and-risk-series-number-8-0521514088","title":"The Concepts and Practice of Mathematical Finance (Mathematics, Finance and Risk, Series Number 8)","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0521514088\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Joshi, Mark S.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eAn ideal introduction for those starting out as practitioners of mathematical finance, this book provides a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice. Strengths and weaknesses of different models, e.g. Black-Scholes, stochastic volatility, jump-diffusion and variance gamma, are examined. Both the theory and the implementation of the industry-standard LIBOR market model are considered in detail. Each pricing problem is approached using multiple techniques including the well-known PDE and martingale approaches. This second edition contains many more worked examples and over 200 exercises with detailed solutions. Extensive appendices provide a guide to jargon, a recap of the elements of probability theory, and a collection of computer projects. The author brings to this book a blend of practical experience and rigorous mathematical background and supplies here the working knowledge needed to become a good quantitative analyst.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51941667930400,"sku":"NEW0521514088","price":64.14,"currency_code":"USD","in_stock":false}],"url":"https:\/\/miakarts.com\/products\/the-concepts-and-practice-of-mathematical-finance-mathematics-finance-and-risk-series-number-8-0521514088","provider":"Miakarts Books","version":"1.0","type":"link"}