StochasticCalculusforFinanceI:TheBinomialAssetPricingModel(SpringerFinance)(Paperback)byStevenE.Shreve(Author)BookDescriptionStochasticCalculusforFinanceevolvedfromthefirsttenyearsoftheCarnegieMellonProfessionalMaster'sprograminComputationalFinance.Thecontentofthisbookhasbeenusedsuccessfullywithstudentswhosemathematicsbackgroundconsistsofcalculusandcalculus-basedprobability.Thetextgivesbothprecisestatementsofresults,plausibilityarguments,andevensomeproofs,butmoreimportantlyintuitiveexplanationsdevelopedandrefinethroughclassroomexperiencewiththismaterialareprovided.Thebookincludesaself-containedtreatmentoftheprobabilitytheoryneededforstochasticcalculus,includingBrownianmotionanditsproperties.Advancedtopicsincludeforeignexchangemodels,forwardmeasures,andjump-diffusionprocesses.Thisbookisbeingpublishedintwovolumes.Thefirstvolumepresentsthebinomialasset-pricingmodelprimarilyasavehicleforintroducinginthesimplesettingtheconceptsneededforthecontinuous-timetheoryinthesecondvolume.Chaptersummariesanddetailedillustrationsareincluded.Classroomtestedexercisesconcludeeverychapter.Someoftheseextendthetheoryandothersaredrawnfrompracticalproblemsinquantitativefinance.AdvancedundergraduatesandMasterslevelstudentsinmathematicalfinanceandfinancialengineeringwillfindthisbookuseful.StevenE.ShreveisCo-FounderoftheCarnegieMellonMSPrograminComputationalFinanceandwinneroftheCarnegieMellonDohertyPrizeforsustainedcontributionstoeducation.Publisher:Springer;1edition(June28,2005)Language:EnglishISBN-10:0387249680ISBN-13:978-0387249681
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