Financial Mathematics

Theory and Problems for Multi-period Models

  • Andrea Pascucci
  • Wolfgang J. Runggaldier

Part of the Unitext book series (UNITEXT)

Also part of the La Matematica per il 3+2 book sub series (UNITEXTMAT)

Table of contents

  1. Front Matter
    Pages I-IX
  2. Andrea Pascucci, Wolfgang J. Runggaldier
    Pages 1-60
  3. Andrea Pascucci, Wolfgang J. Runggaldier
    Pages 61-163
  4. Andrea Pascucci, Wolfgang J. Runggaldier
    Pages 165-221
  5. Andrea Pascucci, Wolfgang J. Runggaldier
    Pages 223-285
  6. Back Matter
    Pages 287-288

About this book

Introduction

With the Bologna Accords a bachelor-master-doctor curriculum has been introduced in various countries with the intention that students may enter the job market already at the bachelor level. Since financial Institutions provide non negligible job opportunities also for mathematicians, and scientists in general, it appeared to be appropriate to have a financial mathematics course already at the bachelor level in mathematics. Most mathematical techniques in use in financial mathematics are related to continuous time models and require thus notions from stochastic analysis that bachelor students do in general not possess. Basic notions and methodologies in use in financial mathematics can however be transmitted to students also without the technicalities from stochastic analysis by using discrete time (multi-period) models for which general notions from Probability suffice and these are generally familiar to students not only from science courses, but also from economics with quantitative curricula.

There do not exists many textbooks for multi-period models and the present volume is intended to fill in this gap. It deals with the basic topics in financial mathematics and, for each topic, there is a theoretical section and a problem section. The latter includes a great variety of possible problems with complete solution.

Authors and affiliations

  • Andrea Pascucci
    • 1
  • Wolfgang J. Runggaldier
    • 2
  1. 1.Department of MathematicsUniversity of BolognaItaly
  2. 2.Department of Pure and Applied MathematicsUniversity of PadovaItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-88-470-2538-7
  • Copyright Information Springer-Verlag Milan 2012
  • Publisher Name Springer, Milano
  • eBook Packages Mathematics and Statistics
  • Print ISBN 978-88-470-2537-0
  • Online ISBN 978-88-470-2538-7
  • Series Print ISSN 2038-5714
  • About this book