Description: Market-Consistent Prices by Cosimo Munari, Pablo Koch-Medina Estimated delivery 3-12 business days Format Paperback Condition Brand New Description Arbitrage Theory provides the foundation for the pricing of financial derivatives and has become indispensable in both financial theory and financial practice. The book will appeal to mathematical finance and financial economics students seeking an elementary but rigorous introduction to the subject; Publisher Description Arbitrage Theory provides the foundation for the pricing of financial derivatives and has become indispensable in both financial theory and financial practice. This textbook offers a rigorous and comprehensive introduction to the mathematics of arbitrage pricing in a discrete-time, finite-state economy in which a finite number of securities are traded. In a first step, various versions of the Fundamental Theorem of Asset Pricing, i.e., characterizations of when a market does not admit arbitrage opportunities, are proved. The book then focuses on incomplete markets where the main concern is to obtain a precise description of the set of "market-consistent" prices for nontraded financial contracts, i.e. the set of prices at which such contracts could be transacted between rational agents.Both European-type and American-type contracts are considered. A distinguishing feature of this book is its emphasis on market-consistent prices and a systematic description of pricing rules, also at intermediate dates. The benefits of this approach are most evident in the treatment of American options, which is novel in terms of both the presentation and the scope, while also presenting new results.The focus on discrete-time, finite-state models makes it possible to cover all relevant topics while requiring only a moderate mathematical background on the part of the reader. The book will appeal to mathematical finance and financial economics students seeking an elementary but rigorous introduction to the subject; mathematics and physics students looking for an opportunity to get acquainted with a modern applied topic; and mathematicians, physicists and quantitatively inclined economists working or planning to work in the financial industry. Author Biography Pablo Koch-Medina is Professor of Finance and Insurance at the University of Zurich and Director of the Center for Finance and Insurance at the same university. He studied mathematics at the Universities of Leiden and Zurich and holds a PhD in mathematics from the University of Zurich. Cosimo Munari is Professor of Finance and Insurance at the University of Zurich. He studied mathematics at the University of Milan and Finance at Collegio Carlo Alberto in Turin and holds a PhD in mathematics from the Swiss Federal Institute of Technology in Zurich. Details ISBN 303039722X ISBN-13 9783030397227 Title Market-Consistent Prices Author Cosimo Munari, Pablo Koch-Medina Format Paperback Year 2020 Pages 446 Edition 1st Publisher Springer Nature Switzerland AG GE_Item_ID:137611845; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys
Price: 83.4 USD
Location: Fairfield, Ohio
End Time: 2024-12-07T03:32:42.000Z
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
ISBN-13: 9783030397227
Book Title: Market-Consistent Prices
Number of Pages: Xix, 446 Pages
Language: English
Publication Name: Mathematics of Arbitrage Pricing : an Introduction in Finite Dimensions
Publisher: Springer International Publishing A&G
Subject: Game Theory, Probability & Statistics / General
Publication Year: 2020
Item Weight: 27.8 Oz
Type: Textbook
Subject Area: Mathematics
Item Length: 9.4 in
Author: Cosimo-Andrea MUNARI, Pablo Koch-Medina
Item Width: 6.6 in
Format: Trade Paperback
