Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:
This text introduces upper division undergraduate/beginning graduate students in mathematics, finance, or economics, to the core topics of a beginning course in finance/financial engineering. Particular emphasis is placed on exploiting the power of the Monte Carlo method to illustrate and explore financial principles. Monte Carlo is the uniquely appropriate tool for modeling the random factors that drive financial markets and simulating their implications.The Monte Carlo method is introduced early and it is used in conjunction with the geometric Brownian motion model (GBM) to illustrate and analyze the topics covered in the remainder of the text. Placing focus on Monte Carlo methods allows for students to travel a short road from theory to practical applications. Coverage includes investment science, mean-variance portfolio theory, option pricing principles, exotic options, option trading strategies, jump diffusion and exponential Lévy alternative models, and the Kelly criterion for maximizing investment growth.Novel features:inclusion of both portfolio theory and contingent claim analysis in a single textpricing methodology for exotic optionsexpectation analysis of option trading strategiespricing models that transcend the Black–Scholes frameworkoptimizing investment allocationsconcepts thoroughly explored through numerous simulation exercisesnumerous worked examples and illustrationsThe mathematical background required is a year and one-half course in calculus, matrix algebra covering solutions of linear systems, and a knowledge of probability including expectation, densities and the normal distribution. A refresher for these topics is presented in the Appendices. The programming background needed is how to code branching, loops and subroutines in some mathematical or general purpose language. The mathematical background required is a year and one-half course in calculus, matrix algebra covering solutions of linear systems, and a knowledge of probability including expectation, densities and the normal distribution. A refresher for these topics is presented in the Appendices. The programming background needed is how to code branching, loops and subroutines in some mathematical or general purpose language. Also by the author: (with F. Mendivil) Explorations in Monte Carlo, ©2009, ISBN: 978-0-387-87836-2; (with J. Herod) Mathematical Biology: An Introduction with Maple and Matlab, Second edition, ©2009, ISBN: 978-0-387-70983-3.

Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) by Ronald W. Shonkwiler

From reader reviews:

Rosa Nguyen:

Do you one of people who can't read enjoyable if the sentence chained from the straightway, hold on guys this specific aren't like that. This Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) book is readable by simply you who hate the straight word style. You will find the details here are arrange for enjoyable studying experience without leaving perhaps decrease the knowledge that want to offer to you. The writer associated with Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) content conveys the thought easily to understand by many people. The printed and e-book are not different in the information but it just different by means of it. So , do you continue to thinking Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) is not loveable to be your top listing reading book?

Leonel Burton:

The reason? Because this Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) is an unordinary book that the inside of the book waiting for you to snap this but latter it will surprise you with the secret the item inside. Reading this book next to it was fantastic author who write the book in such incredible way makes the content on the inside easier to understand, entertaining means but still convey the meaning entirely. So , it is good for you because of not hesitating having this nowadays or you going to regret it. This phenomenal book will give you a lot of gains than the other book have got such as help improving your expertise and your critical thinking approach. So , still want to hold up having that book? If I were you I will go to the guide store hurriedly.

Micah Best:

The book untitled Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) contain a lot of information on that. The writer explains your girlfriend idea with easy technique. The language is very easy to understand all the people, so do certainly not worry, you can easy to read the idea. The book was written by famous author. The author will bring you in the new era of literary works. It is possible to read this book because you can please read on your smart phone, or gadget, so you can read the book inside anywhere and anytime. If you want to buy the e-book, you can wide open their official web-site in addition to order it. Have a nice read.

Rachel Kaufman:

Is it you who having spare time subsequently spend it whole day simply by watching television programs or just resting on the bed? Do you need something totally new? This Finance with Monte Carlo (Springer Undergraduate Texts in Mathematics and Technology) can be the response, oh how comes? A fresh book you know. You are consequently out of date, spending your time by reading in this fresh era is common not a nerd activity. So what these guides have than the others?