The Mathematics of Financial Derivatives

The Mathematics of Financial Derivatives by Paul Wilmott

Finance is one of the fastest growing areas in the modern banking and corporate world. This, together with the sophistication of modern financial products, provides a rapidly growing impetus for new mathematical models and modern mathematical methods; the area is an expanding source for novel and relevant 'real-world' mathematics. In this book the authors describe the modelling of financial derivative products from an applied mathematician's viewpoint, from modelling through analysis to elementary computation. A unified approach to modelling derivative products as partial differential equations is presented, using numerical solutions where appropriate. Some mathematics is assumed, but clear explanations are provided for material beyond elementary calculus, probability, and algebra. Over 140 exercises are included. This volume will become the standard introduction to this exciting new field for advanced undergraduate students.

'The layout is good and clear, so is the style of notation … overall this is an excellent tool for both mathematicians interested in the world of finance as well as finance practitioners keen to rebuild the foundations of their knowledge' Rudi Bogni, The Times Higher Education Supplement
'The book is pleasantly readable and gives a good introduction.' C. Praagman, ITW Nieuws

Howson, Susan: - Susan Howson is Professor of Economics and Fellow of Trinity College, University of Toronto. She was educated at the London School of Economics (1964-1969) and at the University of Cambridge, where she obtained her PhD in 1975. She has held visiting positions in the International Division of the Bank of England (1979-1981); Nuffield College, Oxford (1984-1985); and Wolfson College, Cambridge (1991-1993). Professor Howson is the author of Domestic Monetary Management in Britain 1919-38 (Cambridge University Press, 1975) and British Monetary Policy, 1945-51 (1993) and co-author with Donald Winch of The Economic Advisory Council (Cambridge University Press, 1977). She edited The Collected Papers of James Meade (3 volumes, 1988) and co-edited with Donald Moggridge the wartime diaries of Lionel Robbins and Nobel Laureate James Meade, and the Cabinet Office diary of James Meade (1990). Professor Howson began research on the life and work of Lionel Robbins in the early 1990s. She edited a selection of his major articles in economic theory and economic policy under the title Economic Science and Political Economy (1997). Her work on British economic policy has been published in The Economic Journal, the Economic History Review, History of Political Economy, the Journal of Economic History and Oxford Economic Papers, among other publications. She is also a contributor to the Cambridge Economic History of Modern Britain (Structural Change and Growth, Volume III, 2004). The recipient of two prizes for research in economic history, Professor Howson has also held two Connaught Senior Research Fellowships in the Social Sciences, in 2004 and 2007, for her work on Lionel Robbins.

SKU	Unavailable
ISBN 13	9780521497893
ISBN 10	0521497892
Title	The Mathematics of Financial Derivatives
Author	Paul Wilmott
Condition	Unavailable
Binding Type	Paperback
Publisher	Cambridge University Press
Year published	1995-09-29
Number of pages	336
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable