Publication

1999-08-28 - Cambridge University Press

Language

English

Word Count

50,000 words, Guess

Page Count

200 pages

Physical Format

Hardcover

Identifiers

and 4 more

Classifications

  • LCCHG4515.3 .R67 1999

Description

"This elementary introduction to the theory of options pricing presents the Black-Scholes theory of options as well as such general topics in finance as the time value of money, rate of return of an investment cash-flow sequence, utility functions and expected utility maximization, mean variance analysis, optimal portfolio selection, and the capital assets pricing model." "The author assumes no prior knowledge of probability and presents all the necessary preliminary material simply and clearly in chapters on probability, normal random variables, and the geometric Brownian motion model that underlies the Black-Scholes theory. This book will appeal to professional traders as well as undergraduates studying the basics of finance."--Jacket.

First Sentence

Consider an experiment and let S, called the sample space, be the set of all possible outcomes of the experiment.

Subjects

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