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Continuous Stochastic Calculus with Applications to Finance (Applied Mathematics)

Michael Meyer




[PDF.fl75] Continuous Stochastic Calculus with Applications to Finance (Applied Mathematics)

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 |  2000-10-25 |  2000-10-25 | File type: PDF

||4 of 4 people found the following review helpful.| Good Treatment of Continuous Time Martingales|By Jennifer M. Mainwaring|Chapter 1: This is a summary of what every probabilist should know about Continuous Time Martingales. Essentially it does, although in a rather terse fashion, and with no examples, for Continuous Time Martingales, what David Williams book, "Probability and Martingales", does for the discreet time case. By r| |"As a reference or a second book on stochastic calculus, Meyer is outstanding. In a formal, highly rigorous manner, he develops stochastic calculus, all the while focusing on topics of primary interest to financial engineers. I highly recommend Meyer. It is an

The prolonged boom in the US and European stock markets has led to increased interest in the mathematics of security markets, most notably in the theory of stochastic integration. This text gives a rigorous development of the theory of stochastic integration as it applies to the valuation of derivative securities. It includes all the tools necessary for readers to understand how the stochastic integral is constructed with respect to a general continuous martingale.
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