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About this product
Product Identifiers
PublisherCambridge University Press
ISBN-100521175577
ISBN-139780521175579
eBay Product ID (ePID)168582094
Product Key Features
Number of Pages196 Pages
Publication NameProbability for Finance
LanguageEnglish
Publication Year2013
SubjectProbability & Statistics / General, Finance / General, Statistics
TypeTextbook
AuthorTomasz Zastawniak, Jan Malczak, Ekkehard Kopp
Subject AreaMathematics, Business & Economics
SeriesMastering Mathematical Finance Ser.
FormatTrade Paperback
Dimensions
Item Height0.5 in
Item Weight10.6 Oz
Item Length9 in
Item Width6 in
Additional Product Features
Intended AudienceScholarly & Professional
Dewey Edition23
IllustratedYes
Dewey Decimal332.01519
Table Of ContentPreface; 1. Probability space; 2. Probability distributions and random variables; 3. Product measure and independence; 4. Conditional expectation; 5. Sequences of random variables; Index.
SynopsisStudents and instructors alike will benefit from this rigorous, unfussy text. It keeps a clear focus on the basic probabilistic concepts required for an understanding of financial market models, including independence, conditioning and limit theorems for random sequences. Motivational examples, careful proofs and plenty of exercises facilitate self-study., Students and instructors alike will benefit from this rigorous, unfussy text, which keeps a clear focus on the basic probabilistic concepts required for an understanding of financial market models, including independence and conditioning. Assuming only some calculus and linear algebra, the text develops key results of measure and integration, which are applied to probability spaces and random variables, culminating in central limit theory. Consequently it provides essential prerequisites to graduate-level study of modern finance and, more generally, to the study of stochastic processes. Results are proved carefully and the key concepts are motivated by concrete examples drawn from financial market models. Students can test their understanding through the large number of exercises and worked examples that are integral to the text.