This book describes the modelling of prices of ?nancial assets in a simple d- crete time, discrete state, binomial framework. By avoiding the mathematical technicalitiesofcontinuoustime?nancewehopewehavemadethematerial accessible to a wide audience. Some of the developments and formulae appear here for the ?rst time in book form. We hope our book will appeal to various audiences. These include MBA...
Series: Springer Finance
Hardcover: 306 pages
Publisher: Springer; 2006 edition (December 8, 2005)
Product Dimensions: 6.1 x 0.8 x 9.2 inches
Amazon Rank: 3757250
Format: PDF ePub djvu ebook
reviews: This is not a thorough review. I just want to point out a correction in the appendix on linear programming. At the very end, the authors give a linear programming formulation for computing a super-hedging price for a contingent claim using a linear p...
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